If a Person eligible for deducting TDS is having different assets and take AMC of differnet Assets Individualy so that AMC BILL amount for each Individual Asset is less then Rs. 20000.00, But from only One AMC provider so that his total AMC Bill Amount in a year from same Amc Provider Increase Rs 50000.00,then My question relates to Such problem:- Is TDS deductable?
Yes. TDS is deductible.
Hello Mr. Pankaj,
194C of Income Tax Act, 1961 states that tax has to be deducted at source when the contractual payments to a person
- is in excess of Rs. 20,000 in a single transaction or
- crosses Rs. 50,000 collectively in a financial year.
Regards
Bala
www.cogzidel.in
194C of Income Tax Act, 1961 states that tax has to be deducted at source when the contractual payments to a person
- is in excess of Rs. 20,000 in a single transaction or
- crosses Rs. 50,000 collectively in a financial year.
Regards
Please tell TDS applicable on service tax or not.
| Originally posted by :Bhuvan | ||
| " | Please tell TDS applicable on service tax or not. | " |
YES BHUVAN TDS IS APPLICABLE ON SERVICE TAX
A new Notification has come which says that in case of Rent(Section 194I) TDS willbe beducted on bill amount less service tax but nothing has come regarding other sections of TDS.
Naveen Fintech Pvt Ltd
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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