Tds for repair of car
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2013
I car got an accidnet of my car.
I got it repaired from the authorised garage.
Total bill amount was Rs. 4.67 lakh out of that 2.53 lakh was paid by insurance company and balance 2.14 lakh was paid by our company, as car is in the company name.
Pl clarify anyone If there is any liability of TDS or WCT on the company. And for which amount. Repiar bill include both labour charges rs. 0.41 (including Service Tax) lakh and cost of the parts rs. 4.26.
I got it repaired from the authorised garage.
Total bill amount was Rs. 4.67 lakh out of that 2.53 lakh was paid by insurance company and balance 2.14 lakh was paid by our company, as car is in the company name.
Pl clarify anyone If there is any liability of TDS or WCT on the company. And for which amount. Repiar bill include both labour charges rs. 0.41 (including Service Tax) lakh and cost of the parts rs. 4.26.
16 August 2013
You got the car repaired and the car is in the name of the company while making the payment the company should deduct TDS on contract of repairing as you have finalised the rates and after rate finalisation you have placed the car for repairing.
In my opinion when the amount of repair is so big why you have not taken total loss claim? You know better.
In my opinion when the amount of repair is so big why you have not taken total loss claim? You know better.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- TDS ON EMAIL DOMAIN SERVICE BILL
- Invertaded duty struture
- GST not cancelled by tenant
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
