TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2011 If rent paid exceed Rs. 180000/- Then at which amount tds is required to be deducted. Will tds be deducted in execss of Rs. 180000/- or including the amount of Rs. 180000/-

AND

IS Sec.194C applicable on the following: 1. electric repair & maintenance
2. goods supplied to customer by courier

CA Sanat Pyne

CA Sanat Pyne (Expert)
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09 June 2011 TDS WILL BE DEDUCTED ON TOTAL RENT AMOUNT.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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09 June 2011 Rent for property & land : 10 % TDS to be deducted on the total amount including the 1st 180000/-

electric repair & maintenance : 194C will apply.

goods supplied to customer by courier : 194C will apply on the courier bills (NOT the goods bill)

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CA Sanat Pyne

CA Sanat Pyne (Expert)
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09 June 2011 194C WILL BE APPLICABLE ON ON BOTH .