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TDS DEDUCT IN FILLING DIESEL IN MY TRUCK

This query is : Resolved 

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

05 September 2021 Yes, you are liable to deduct TDS under section 194q at 0.1%.

06 September 2021 EXEMPT LIMIT IN YEAR IS 50 LAKH OR 5 LAKH

06 September 2021 It's 50 lacs...........

06 September 2021 THANKS SIRJI LAST IS CALCULATION FROM 1ST JULY 2021 OR 1ST APRIL 2021

06 September 2021 Calculate from 1st April but TDS applicable from 1st July.


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