Dear Sir, Please advise if we as a travel agency whereby we make over 1 lakh INR Payment on weekly basis to our regular petrol pump vendor, shall we deduct TDS ON IT, If yes under which section?
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Tds on petrol pump payments
Replies (2)
If such payment is made on basis of any contract then TDS deducted u/s 194C.
Otherwise No TDS provision attracted on this transaction.
Otherwise No TDS provision attracted on this transaction.
Ok , Got It, Thanks Madam.
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