To deduct tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2014 Respected sirs,

My company had a loan of mahindra finance company on stock (Inventory),
Mahindra Finance send be invoice for stock audit and form 8 charges with service tax for Rs 15000/-

I want to pay it, Whether we have to deduct TDS from it or no?

Thanks

Rakesh Patel

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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28 March 2014 Inquire Mahindra Finance as to which head they are collecting this fees. If it is under Professional services, limit is 30000 so no deduction.

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