Deduct the TDS on these service charges.
This query is : Resolved
25 August 2023
Dear Experts,
1 A company's vehilce has met with an accident.
2 This vehicle is used for business purposes.
3 The company has incurred some service charges also
4 The automobile dealer has raised the invoice in favour of Insurance company.
5 Now the query is :
a. Whether the company needs to deduct the TDS on these service charges.
pls clarify
1 A company's vehilce has met with an accident.
2 This vehicle is used for business purposes.
3 The company has incurred some service charges also
4 The automobile dealer has raised the invoice in favour of Insurance company.
5 Now the query is :
a. Whether the company needs to deduct the TDS on these service charges.
pls clarify
CA R SEETHARAMAN
(Expert)
26 August 2023
Yes, 194c TDS applicable if payment exceed threshold.
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