TDS

This query is : Resolved 

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.

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.

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/-


28 May 2010 AGREE WITH EXPERTS. TDS ATTRACTED U/S194C

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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