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TDS on Purchase of Ambulance fitted with life support equipment


Mhon Ngullie   23 October 2019

Mhon Ngullie

 12 points

| My Other Post

Hi,

Institute is purchasing Ambulance fitted with life support equipment and etc. For delivery of vehicle as per the PO 70% has to be released. Is TDS applicable for deduction.

Need help

Thanks

Bharat Bohra   23 October 2019

Bharat Bohra

 23 likes  267 points

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NO..
TDS is not applicable it's just purchase of Vehicle with Life support Equipment..
just check whether service charge have been added in invoice for fitting Life support Equipment in Ambulance..
if yes, Then TDS U/S 194C will be attracted if amount of Service charge in a single bill exceeds 30,000.00..

avater

Kapadia Pravin   23 October 2019

Kapadia Pravin

 915 likes  14283 points

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The dealer will collect TCS @ 1% when ex-showroom value goes above 10 lakhs.

avater

Mhon Ngullie   23 October 2019

Mhon Ngullie

 12 points

View Profile | My Other Post

Thank you sir for the reply


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