tds on website maintenance

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2010 we have received a bill from a vendor for website maintenance on monthly basis as per contract norms.can someone please advice how much TDS has to be deducted on the bill of website maintenance
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Simply_Shailesh

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Simply_Shailesh (Expert)
12 January 2010 If total amount of Bill will exceed Rs. 50,000/- during the financial year or any individual payment made exceed Rs. 20,000/- then You should deduct TDS on this payment u/s 194C.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2010 Thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 January 2010 Deduction as per sec.194C
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
12 January 2010 as per u/s 194C and payment basic on above rs.20,000/- and accural basis per annum rs.50,000/-

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