28 November 2010
Experts, Is TDS applicable in the below cases? 1. Company owns motor car that is given for service at maruti service centre. There is NO written contract with the service centre. Appointment is taken over the phone & car is sent for service. Is TDS applicable.
2. For deducting TDS should the company have a written agreement with the service provider?
28 November 2010
It is a contract covered under section 194C. Contract need not be written, can be oral also. TDS provisions attracts, subject to the threshold limits.