TDS to be deducted
This query is : Resolved
30 December 2019
Dear Sir,
I have recently, over two months, paid Rs 120,000 for repairs of my vehicle
The final payment of Rs 20,000 is due tomorrow. Please let me know if any TDS needs to be deducted on this amount, if so what percentage and whether I can deduct the entire amount in the final bill
Krishna Rajesh
I have recently, over two months, paid Rs 120,000 for repairs of my vehicle
The final payment of Rs 20,000 is due tomorrow. Please let me know if any TDS needs to be deducted on this amount, if so what percentage and whether I can deduct the entire amount in the final bill
Krishna Rajesh
31 December 2019
Deduct 194c TDS @ 2% in the final bill.
31 December 2019
Yes... You can deduct TDS for value of 120000 in final bill. TDS rate applicable as per PAN of the Deductee...
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Renovation exp. in flat by family member
- SALARY CAN BE CAPITALIZE
- UDIN ISSUE
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
Quick Links
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
