if we are paying 22k AMC charges on EPABX machice then in which under TDS covered (94j or 94c)?
11 Replies
Jayesh
(Internal Auditor)
(214 Points)
Replied 04 October 2011
AMC is nothing but, Annaul maintenance Contract. Hence, TDS would be deductible u/s94C.
Also, TDS would not be attracted, if single payment does not exceed Rs. 30000/- & agreegate payment in year does not exceed Rs. 75000/-.
AMC Payment is not towards professional service. Therefore, such payment would not fall u/s 94J.
Mihir
(Wealth Manager)
(5293 Points)
Replied 04 October 2011
Deduct TDS if payment exceeds Rs. 30,000/- u/s 194C
Devendra
(Chartered Accountant)
(4775 Points)
Replied 04 October 2011
In your case, there is no need to deduct TDS, as the single bill amount does not exceed Rs. 30000/-. But during the year if the aggregate AMC bill goes above Rs. 75000/-, then you shall have to deduct TDS u/s 194C. TDS @ 1% if deductee is an Individual or HUF and TDS @ 2% if the deductee is a Pvt. Ltd. or a registered P'ship Firm.
Regards,
Devendra K
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 04 October 2011
AMC is nothing but, Annaul maintenance Contract. Hence, TDS would be deductible u/s94C.
Also, TDS would not be attracted, if single payment does not exceed30000/- & agreegate payment in year does not exceed75000/-.
AMC Payment is not towards professional service. Therefore, such payment would not fall u/s 94J.
agree with above...
Sachin More
(MBA-Finance Executive - accounts & Finance)
(422 Points)
Replied 29 June 2013
agree wid jayesh
Subrat Kumar Nayak
(Accounts Officer)
(73 Points)
Replied 30 November 2013
In this case, there is need to deduct TDS, as the single bill amount exceed Rs. 30000/-. But during the year if the aggregate AMC bill goes above Rs. 75000/-, then you shall have to deduct TDS u/s 194C. TDS @ 1% if deductee is an Individual or HUF and TDS @ 2% if the deductee other then, like company,firm.
Regards
Subrat Ku Nayak
babu
(Senior accountant)
(80 Points)
Replied 07 December 2017
If in case we pay three payment in differnce amount but not exceed Rs.75000 it will attract?
babu
(Senior accountant)
(80 Points)
Replied 07 December 2017
If in case we pay three payment in differnce amount but not exceed Rs.75000 it will attract?
N BHARATH
(2 Points)
Replied 24 November 2023
How to treat as a TDS for IQ OQ for Equipment Installation
Can I treat it as a 194C = 2% (Contract Services) or 194J = 2% (Technical Services) or 194J = 10% (Professional Fees). Could you please help on this.
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