Do we deduct TDS while making payment for AMC of UPS / computer of less t

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Question

Do we deduct TDS while making payment for AMC of UPS / 
computer of less then Rs.5000/- if yes then @ what rate?

Question Submitted By :: Accountsdept.ho

I also faced this Question!!

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Answer Posted By

Re: Do we deduct TDS while making payment for AMC of UPS / computer of less then Rs.5000/- if yes then @ what rate?

Answer
# 1

AS per section 194-C of the IT Act, AMC for Computer/UPS
will cover under this section, but you need not deduct TDS
unless the single payment exceeds Rs.20,000/- or multiple
payment (or the Contract value) during the financial year if
exceeds Rs.50,000/- then only TDS @ 2% (+SC+EC) will be
deductible.  In your case, NO is the answer.

Is This Answer Correct ?

6 Yes

5 No

Rajesh

Re: Do we deduct TDS while making payment for AMC of UPS / computer of less then Rs.5000/- if yes then @ what rate?

Answer
# 2

If your are purchasing ups then no  need to deduct Tds.
But if you are paying for contractual repairing then 
according to 194c if net payment is exceed 20000/(one time)
then you have to deduct or if part payment is exceed 50000 
in a year then you have to deduct other wise not

Is This Answer Correct ?

8 Yes

0 No

Motilal

Re: Do we deduct TDS while making payment for AMC of UPS / computer of less then Rs.5000/- if yes then @ what rate?

Answer
# 3

for purchse there is no need to pay TDS. We have to pay VAT

Is This Answer Correct ?

4 Yes

0 No

Sharief

Re: Do we deduct TDS while making payment for AMC of UPS / computer of less then Rs.5000/- if yes then @ what rate?

Answer
# 4

No TDS is deducatable on Rs 5000/- becuase it is less than 
Rs 20000/-.

Is This Answer Correct ?

0 Yes

0 No

Kashinatham Chitturi

Question	Asked @	Answers
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