pavan kumar (Student CA IPC / IPCC) (32 Points)
08 September 2015Dear Folks,
I had a Query regarding TDS is there any provision for deduction of TDS for the expenditure regarding Repairs and Maintance.I am faceing serious Query in my Audit regarding this,One more thing there is no AMC contract.
Please help me in this issue....
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 08 September 2015
pavan kumar
(Student CA IPC / IPCC)
(32 Points)
Replied 08 September 2015
No there is no AMC contract and one more issue is there any clause like If some amount exceeds like Eg:50000 TDS has to be deducted.
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 08 September 2015
If repair & maintenance is going thru any contract or AMC, then you have to deduct TDS.
But if it is sometimes charges then you dont have to deduct TDS.
Regards
Piyush Tanwar
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 08 September 2015
Yes, that limit of 30,000/- & 75,000/- is in section 194C If there is no contract, whatever is the limit, no need to deduct TDS.
pavan kumar
(Student CA IPC / IPCC)
(32 Points)
Replied 08 September 2015
Ok Thank u Saloni and Piyush for ur reply.
hareesha g
(ca practice )
(32 Points)
Replied 08 September 2015
CA Vap Patel
(Practice)
(1205 Points)
Replied 08 September 2015
Hi Pavan,
In Practice when you do audit, even though no contract is entered you have to see the ledger of the party. If during year the invoice of exceeding Rs 75,000 is raised or single invoice value exceed Rs 30000 or advance payment of more than Rs75000 per year is made then you have to deduct TDS irrespective of whether contract is there or not. Section 194C allowed verble as well as written contract and reimbursement of expenses is also under the coverage of section 194C. So you should deduct TDS.
Manish Mehta
(Manger)
(115 Points)
Replied 08 September 2015
Miss Rinkal
(Student)
(1309 Points)
Replied 10 September 2015
@ PAVAN KUMAR,
Could you please provide more details on nature of work provided. i.e. what kind of repairs and maintainence?
If it is not been contracted, no TDS u/s 194C.
However if you receive any technical services then it is covered under 194J and hence if you receive any service exceeding Rs 30000/- in aggregate from the payee for a given FY, then TDS is reqd to be deducted
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