hi,
Whether payment of AMC for computers come under 194C or 194J ,as it is basially rendering of technical service???
Vinay Chopra (CA ) (197 Points)
16 April 2009hi,
Whether payment of AMC for computers come under 194C or 194J ,as it is basially rendering of technical service???
prasanth
(student)
(86 Points)
Replied 21 April 2009
generally amc services provided on contract basis so, it comes under 194c
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 % .
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
CAclubindia
