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Q.

What is the applicable TDS rates on AMC and TDS should be deducted u/s 194C or 194J

Asked by balbirsingh, 28 Aug '08 01:31 pm
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Answers (2)

1.

Normally it is 2% plus surcharge .
TDS should be deducted under sec194J as 194C does not govern the deduction of tax at source from payments of fees towards Professional or technical services
Answered by joyesh chakraborty, 28 Aug '08 01:39 pm

 
  
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2.

The said transaction is of contractual nature , hence it falls under u/s 194C and the basic rate is 2% plus ed. cess of 3% on basic rate....S/c applicable if the amount exceeds the prescribed limit....
Answered by bijoy agarwala, 28 Aug '08 01:34 pm

 
  
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