Tds on amc

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2012 Dear Prfessionalist,

Kindly support to my below question,

Whether TDS is Applicable for AMC charges and what is the Rate of Tax and charge code??????????

17 September 2012 TDS is applicable on AMC charges u/s 194C.

17 September 2012 TDS deductible u/s 194C.

Rates:
Individual/HUF @ 1%
Others 2%
If PAN not Available 20% (u/s 206AA)

Threshold limit:
Single Bill: 30000/-
Annual Payment: 75000/- p.a.


17 September 2012 Agree with reply of CMA. CS Sanjay Gupta



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