Is tds applicable for painting and restoration work?
Total pmt exceeds Rs 300000 divided into 3 installments of 1 lakh each.
Krishnasai (Articles) (55 Points)
05 January 2010Is tds applicable for painting and restoration work?
Total pmt exceeds Rs 300000 divided into 3 installments of 1 lakh each.
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 05 January 2010
TDS is applicable for both painting and restoration work u/s 194C
Amir
(Learner)
(4016 Points)
Replied 05 January 2010
TDS WILL BE DEDUCTED U/S 194 C IRRERSPECTIVE OF NO.OF INSTALLMENTS WHERE AGGREGATE OF PAYMENTS IN A FINANCIAL YEAR EXCEEDS RS. 50,000..
ca.Ashish goenka
(profession)
(92 Points)
Replied 05 January 2010
yes it will cover under ambit of sec 194c
lalit mohta
(PCC STUDENT)
(42 Points)
Replied 05 January 2010
An corporate assessee is paying monthly rent of Rs. 150000/- on that he is deducting TDS . The landlord is sending two separate bills, one for rent bill and one for maintenance bill . Assessee is paying monthly Common Area Maintenance charges of Rs.3000/- p.m. Will maintenance charges subject to TDS or not..?
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