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