TDS to be deducted
This query is : Resolved
KRISHNA RAJESH
(Querist)
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
CA R SEETHARAMAN
(Expert)
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...
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