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
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)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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