if we have amc any vendor 30,000 pa. should we deduct TDS
Answers were Sorted based on User's Feedback
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 |
We have sales some items to our customer 4 yr. before and he is refusing to issue C form so, what can i do.
for the deduct of tds on rent including service tax or not
i am a hosewife having a property,given on rent to a company which gives a rent of @10600 per month. the total come 126000. the company wants to deduct tds. as my income is less than 160000.i want to know the type of form required to produce to the company to avoid deduction of TDS.
how to make entry vat computation/vat payable refundable in tally 9?
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
what is tax?
What is the meaning of Excise duty?Wat are the rules?
what is excise return form ?
How many heads are there under total income?
Define the term "Manufacturer"as introduced in finance act2010.
how to get input credit in vat & service tax
how many form used in sales tax return from begining to ending?