TDS on Purchase of Ambulance fitted with life support equipment


Mhon Ngullie   23 October 2019

Mhon Ngullie

 5 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

 19 likes  233 points

View Profile | My Other Post

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

 609 likes  9675 points

View Profile | My Other Post

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

avater

Mhon Ngullie   23 October 2019

Mhon Ngullie

 5 points

View Profile | My Other Post

Thank you sir for the reply


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »