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Tds on car services

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karthikeyan

FINANCE EXECUTIVE

21 Points Posted on 01 April 2016

DEAR ALL,

CAN SOME ONE EXPLAIN ME , THE THRESH HOLD LIMIT FOR VEHICLE SERVICE CHARGES WHICH WE SHOULD CONSIDER THE WHOLE AMOUNT INCLUSIVE OF THE SPARE PARTS RIGHT? IF THE INVOICES RECEIVED DOESNOT SPECIFY THE MATERIAL PART AND SERVICE CHARGES SEPARATELY?? BUT TDS TO BE DEDUCETED ONCE IF CROSSING 70 K IN TOTAL OR 30K A BILL??

PLEASE NOTIFY ME THE CIRCULAR NUMBER IF POSSIBLE

Replies (1)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121526 Points Posted on 06 August 2016

30K per bill. Or if supposed to be crossing 1L in the financial year.

In case of same party, but could not be charged per bill because of lesser than 30K amount, TDs to be charged on total amount as soon as it crosses 1L aggregate amount. (as amended from 1-6-16)