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TDS DEDUCT IN FILLING DIESEL IN MY TRUCK

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(Querist)
05 September 2021 WE HAVE TRANSPORT COMPANY AND FILLING DIESEL IN OWN TRUCK MY TURNOVER IS EXCEES 10 CR AND ALSO FILLING DIESEL IN YEAR ABOVE 50 LAKH I AM NOT PURCHASE OR SALE DIESEL WE DEBIT IN DIESEL EXPENSES PLEASE TELL ME I AM LIABLE TO DEDUCT TDS UNDER SECTION 206 OR ELSE
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 September 2021 Yes, you are liable to deduct TDS under section 194q at 0.1%.
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Hiru Dada

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Hiru Dada (Querist)
06 September 2021 EXEMPT LIMIT IN YEAR IS 50 LAKH OR 5 LAKH
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 September 2021 It's 50 lacs...........
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Hiru Dada

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Hiru Dada (Querist)
06 September 2021 THANKS SIRJI LAST IS CALCULATION FROM 1ST JULY 2021 OR 1ST APRIL 2021
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 September 2021 Calculate from 1st April but TDS applicable from 1st July.
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