Regarding deduction of tds
This query is : Resolved
03 December 2015
Hello,
I am Auto mobile Company selling cars of the manufacturer company.
Manufacturer company collect fixed fee monthly from us for allowing to sell a car.
Whether such expenses is liable for Tax Deduction at source and if yes under which head.
Thank You
I am Auto mobile Company selling cars of the manufacturer company.
Manufacturer company collect fixed fee monthly from us for allowing to sell a car.
Whether such expenses is liable for Tax Deduction at source and if yes under which head.
Thank You
CA CS LAVESH VASYANI
(Expert)
03 December 2015
Yes TDS is to be deducted u/s 194C on contract basis.
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