if we have amc any vendor 30,000 pa. should we deduct TDS
Answer Posted / 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 |
Post New Answer View All Answers
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
How will you calculate house rent allowance (hra)?
What is FBT & Service Tax Remittances?
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
What are the basic and additional conditions for resident and ordinarily resident (ror)?
I wanted to know about the taxes in haryana on Software Licenses ( Paper licenses). what is the % of service tax and VAT. and the both the taxes is charged on Base Amount or service tax is charged first and then VAT is calulated on the amount with Service TAX?
Define deferred tax liability? What items come under deferred tax liability?
sub hadding no. scrap & Wastage in corrugated box
Provision for Service tax, Income tax and Sales tax
What do you understand by dissolution of firm?
th point in when will details wil get filled in ER1 2a and 2B?capg
Should WCT deduct on Invoice where VAT charged but service tax not charged as service tax is not applicable to concern vendor (vendor gross income under 10Lacs)?
Define Amortization & Impairment?