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TDS Deduction

TDS 890 views 2 replies

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.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)

Replies (2)

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.

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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