TDS on AMC for Computer

Vinay Chopra (CA ) (197 Points)

16 April 2009

hi,

Whether payment of AMC for computers come under 194C or 194J ,as it is basially rendering of technical service???

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6 Replies

Milan Somani (CA) (1456 Points)
Replied 16 April 2009

it comes under 194C

prasanth (student) (86 Points)
Replied 21 April 2009

generally amc services provided on contract basis so, it comes under 194c

Surbhi (article) (24 Points)
Replied 24 April 2009

TDS will be deducted on contract basis

CA RAHUL GOYAL (CA) (97 Points)
Replied 24 April 2009

Yes TDS will be deducted on contract basis as the nature of AMC services is generally contractual.

vijay (.) (212 Points)
Replied 25 April 2009

Hi Vinay

It falls under Section 194 C and will subject to TDS if Payment is in excess of rs. 20,000 per contract OR Rs. 50,000 per annum.

if the recepient is a Company then TDS will be deducted at the rate of 2.266%

If the recepient is an individual and HUF and Payment exceeds Rs. 10 lacs Per annum 2.266%

If the recepient is an individual and HUF and Payment does not exceeds Rs. 10 lacs Per annum 2.06%

Hope you will find this helpful.

Regards

Vijay Kumar

SATYENDRA KR. GUPTA (C.A.FINAL) (242 Points)
Replied 25 April 2009

TDS will be deducted on contract basis @ 2.266 % or 2.06 % .

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