Interested to Buy Any Domain ? << Click Here >> for more details...
Do we deduct TDS while making payment for AMC of UPS /
computer of less then Rs.5000/- if yes then @ what rate?
- 8 Answers
- 43785 Views
- Ask Agro Chemicals, Atlantic BPO, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / motilal
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 ? | 43 Yes | 8 No |
Answer / rajesh
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 ? | 48 Yes | 15 No |
Answer / kashinatham chitturi
No TDS is deducatable on Rs 5000/- becuase it is less than
Rs 20000/-.
| Is This Answer Correct ? | 22 Yes | 8 No |
Answer / sharief
for purchse there is no need to pay TDS. We have to pay VAT
| Is This Answer Correct ? | 20 Yes | 8 No |
Answer / a.tapti
TDS is not deducted because it is less than 20000.
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / suman chakrabarti
TDS on AMC will be under section 194J. as it is not a labor
contract it is involve technical knowledge.
| Is This Answer Correct ? | 18 Yes | 7 No |
Answer / karuppusamy
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)dduring the financial year if
exceeds Rs.50,000/- then only TDS @ 2%
| Is This Answer Correct ? | 13 Yes | 6 No |
Answer / milind potnis
Not necessary to deduct tds if amount is not exceeded Rs.
30000.00(Single bill or payment)or during the year
consolidated amount is exceeded Rs. 75000/- it has to
deduct TDS by 2 %
| Is This Answer Correct ? | 9 Yes | 2 No |
I am getting a salary of 50000 Rs Net salary. After showing my rent bills and children school bills, still I am being deducted a TDS amount of 2000. Is there any chance of even avoiding this amount to be deducted by investing in any insurance. Please give me a suggestion.
What about sur charge on income tax for the individuals who crossed 10lks for the year 2009-10
Let me know the clauses (A)& (B) Of section 113 of the finance (No.2)Act2009?
(1) what is TDS (2) what is the current Rate of TDS: (A) payment of contarctor/subcontractor (b) payment of professional charges (c) payment of rent (d) salary
What's the difference between Income Tax and P.Tax?
any change in service tax rate 10.3%?
what is CST for what we are using it
Define the 'Input Tax' in respect of Service Tax Act. What type of Input tax can be taken for the credit of tax payble?
If the total material cost of secondary steel products @ BSL, Jharkhand, is Rs.30 lacs exclusive of VAT @ 4%, ED @ 8.24%, TCS @ 1%, and the buyer is registered under the Company's Act, 1956 in Bihar, and carrys VAT & CST certification but no ED registration, then what would be the proforma of purchase invoice ? And if the Buyer sells the above materials with the conversion charges or profit of Rs.5 lacs within Bihar, what would be the proforma of Sale Invoice ?
Taxable and Exempted goods sale to pondicherry via bill no.1 and bill no.2 I received the C form for taxable bill no.1. But, C Form not received for Exempted bill no.2. It is required or not?
How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
Audit 
