We are a Distributor Company, so we are purchasing a Laptops with Additional Warranty Pack (Apple care protection plan) from my vendors and the same thing we are Selling it to our Customers.
But My Customers are Deducting TDS @ 10% - (Under Sec 194J) for Additional Warranty Pack ( Apple Care Protection Pack )
Query - For Apple care protection plan ( Extend Warranty Pack Sold - 1 Yr, 2 Yr & 3 Yrs) for Laptops - TDS Applicable or Not ?
Kindly help us to know, Whether TDS is Applicable or Not on Apple care Protection plan ???
27 May 2020
If it is free service then no TDS. and if Chargeable & crosses the limit u/s 194C then deduct 1% Individual/HUF and 2% on others. Limit - 30K single payment and 100K annually.
CAclubindia
