JIGNESH GELADA (SERVICE) (31 Points)
01 May 2009Please clearify the Deduction under which saction & on which amount for following:
MOU between Proprietory Firm & Pvt. ltd. Company. proprietory firm charge monthly consideration Rs.70000/- as follows: 1. office Rent Chargs Rs.5000/- 2. Electrical consumption Charges Rs. 10000/- & 3. Other office equipments & Service Charges Rs.10000/- (Include Messenger, Peon, Tea & Coffee, Fax, xeriox, Broadband Internat, Epabx System and Telephone Line)
JIGNESH GELADA
(SERVICE)
(31 Points)
Replied 04 May 2009
Please clearify the Deduction under which saction & on which amount for following:
MOU between Proprietory Firm & Pvt. ltd. Company. proprietory firm charge monthly consideration Rs.70000/- as follows: 1. office Rent Chargs Rs.50,000/- 2. Electrical consumption Charges Rs. 10,000/- & 3. Other office equipments & Service Charges Rs.10,000/- (Include Messenger, Peon, Tea & Coffee, Fax, xeriox, Broadband Internat, Epabx System and Telephone Line)
Firm issued Debit Note to Company for Rs.70,000/- as Charges for use of A. Office Space, B. Air conditioner, C. Telephone (With Operator), D. Electricity, E. Messenger etc.
kumar
(student)
(138 Points)
Replied 05 May 2009
1. for the rent since the amount is exceeding Rs.120000/- P.a. tds is deductible U/s.194I @ 15% and sc & ec
2. for the services the tds is need to be deducted under sec194C @ 2%+sc+ec on the net amount i.e. excluding the service tax.
3. the question was not so clear If this answer does not clear you doubt please ask properly with appropriate informatiuon.
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