CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

Tds under 194c


Ramya Bhat   26 February 2020

Ramya Bhat

 24 points

| My Other Post

If a company is having a car and it is giving that car for servicing for twice in a year....if the payment for a bill...its first bill if it exceeds 30k shall we have to deduct tds?????under 194c as a contract??????...

avater

RAJA P M ("Do the Right Thing...!!!")     26 February 2020

RAJA P M
"Do the Right Thing...!!!" 
 8105 likes  110956 points

View Profile | My Other Post

If it's contract then yes You can deduct TDS u/s 194C...

But,

Before that check out the billing which is seggregate the Materials (parts) and Services (labour)...

avater

Ramya Bhat   26 February 2020

Ramya Bhat

 24 points

View Profile | My Other Post

Thank u sir...

avater

RAJA P M ("Do the Right Thing...!!!")     26 February 2020

RAJA P M
"Do the Right Thing...!!!" 
 8105 likes  110956 points

View Profile | My Other Post

You are welcome...

Praveenkumar (Accountant)     26 February 2020

Praveenkumar
Accountant 
 25 points

View Profile | My Other Post

1% for person/ proprietary, 2 % for co., / firm for contacts and 10% for rent

avater

Kapadia Pravin   26 February 2020

Kapadia Pravin

 911 likes  14263 points

View Profile | My Other Post

There may or may not be a contract but it is deemed to be payment made exceeding a bill of 30000/- single bill under 194C

And TDS @ 1% or 2% is mandatory.

avater

Ramya Bhat   26 February 2020

Ramya Bhat

 24 points

View Profile | My Other Post

Thank u all .....


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »