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TDS

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(Querist)
28 May 2010 does repairs on Fixed Assets are subject to TDS Liability. where the amount paid is exceeding Rs. 20000 in single payment & Rs. 50000 in Annual Payment.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
28 May 2010 Repairing is a contract for carrying out any work, be it for Fixed Asset or any other asset. TDS liable to be deducted.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
28 May 2010 IF SINGLE PAYMENT IS EXCEEDING RS. 20000/- THEN TDS DEDUCTED ON IT THE SAME TIME.
IF ALL THE BILLS ARE BELOW 20000/- THEN WHEN IT CROSS THE LIMITS RS.50000/-
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 May 2010 AGREE WITH EXPERTS. TDS ATTRACTED U/S194C
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
28 May 2010 W.E.F. 01-07-10 amount is Rs.30,000 & Rs. 75,000 instead of Rs. 20,000 & Rs. 50,000

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