We have an association of a small apartment complex with 11 owners. We charge a monthly maintenance charge of Rs. 2000/- per month per flat and the collected amount is utilised for lift maintenance, housekeeping, common area maintenance and salary of security person. We recently went for modernisation of the lift at a cost of 4.25 lakhs with equal contribution from association members. Do we have to deduct TDS for the modernisation from the lift company doing it or do we allow the lift company to pay on their own? Kindly advise. My email address is srinivasan2203@yahoo.com.
Dear Sir,
If association is paying the amount to lift maintenance company, it has to deduct tds.
However, if members are paying it on their own they don't need to deduct TDS.
Please feel free to call/ revert in case of any doubts
Thanks and Regards
Abhishek Dugar
CA CS B.Com
Hi,
It is advisable to do TDS on the same and file Quarterly e-TDS return.
Feel free to call/email for any clarifications. My email ID pradeep@capradeepbhat.com
Hello Sir,
You will have to deduct TDS on the the Lift Company if it is a maintenance service. If it is an outright purchase then No TDS.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Yes TDS deduction on installation is must for registered housing society.
