The TDS on Building maintenance shall be deducted at what rate?
Thanks in advance
7 Replies
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 27 February 2009
| Originally posted by :Madhavendra | ||
| " | 194C - 2.266% | " |
The rate is 2% only. Surcharge shall be levied only if applicable. then 3% education cess.
Madhavendra
(CA Final Student)
(99 Points)
Replied 27 February 2009
Yes the rate is 2% only but it's not clear how much payment is to be made and hence the rate including surcharge is given. :-)
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 27 February 2009
| Originally posted by :Madhavendra | ||
| " | Yes the rate is 2% only but it's not clear how much payment is to be made and hence the rate including surcharge is given. :-) | " |
Dear Madhav, pls dont mind but it was necessary to point out, because sometimes people take your views as it is and apply the same without going into logic. So in case of taxation, we have to use the words very carefully. Thats why i just clarified your view.
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 28 February 2009
| Originally posted by :Santhoshi Sharma | ||
| " | The TDS on Building maintenance shall be deducted at what rate? Thanks in advance |
" |
If Building Maintenance party is Service Provider then it is Deduct U/s 194j (Prof. Fees) @ 10.30%
CA Akshat
(article)
(422 Points)
Replied 02 March 2009
Building maintainace is contract. So, covered under sec 194C. So, 2%+surcharge + EC and SHEC will be deducted
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