My company purchases diesel from a vendor for running our plant. should we deduct TDS if the amount of purchases exceeds 50 lakhs
Sameer Goyal (CFO) (26 Points)
01 April 2022My company purchases diesel from a vendor for running our plant. should we deduct TDS if the amount of purchases exceeds 50 lakhs
CA Puja Sharma
(Chartered Accountant)
(4902 Points)
Replied 01 April 2022
Yes TDS to be deducted where the purchase exceeds Rs, 50 Lacs during a FY
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 01 April 2022
Sameer Goyal
(CFO)
(26 Points)
Replied 01 April 2022
thank you everyone for your valuable input. i had the same doubt but just decided to ask once
CAclubindia
