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 |
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