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if we have amc any vendor 30,000 pa. should we deduct TDS
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Answer / amit sharma
if we paid rs. 30000/- in a single payment than we have to
deduct tds. otherwise we will not deduct tds.
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / viswa
Any payment in a financial crosses Rs.20,000/- we have to
deduct tax. In above case amc is comes under contract the
applicable rate is 2.266%
| Is This Answer Correct ? | 10 Yes | 5 No |
Answer / ravi gupta
yes, if you are making payment of above INR 20000/-PA, then
you have to deduct TDS to the vender at 2.266 %, if the
vendore are conttractor 194 C.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / uday
Under this case no need to deduct TDS as the total amount
is only 30000/- pa. not exceeding 50000/pa.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / rabindra mallick
TDS on AMc is depends up on the nature of payment as
described below...
A) If AMC is comes under professional or Technical Service
then TDS applicable on Rs. 30,000/-
B) If AMC is comes under Contract or Sub contract then TDS
is not applicable because the amount is not cross the limit
of Rs. 30,000/- for single payment of & Rs. 75,000/- for
annual payment.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / k.chennakeshavulu
No need to deduct the TDS if vendor payment below Rs.50000/-
| Is This Answer Correct ? | 5 Yes | 5 No |
Hi Every One..For Payment of TDS under any section, Challan 281 is used. In Challan 281 there is two boxes having name Company & Non Company. What does it mean. I am working with Ltd. Company so while paying TDS which box shall I mark.
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