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Aatish Kashinath Ughade (Querist)
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12 December 2014 Can i deduct the tds on motor boat expenses?
exp like remote assembly,oil, filter, engine oil, gear oil,spark plug,sail rop navigation light, mass wiring, water ampller etc. invoice amount is Rs.64926/-
please suggest me asap.

Thanks for ur valuable advice & guidance.

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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12 December 2014 If you have not received any service and it is bill of purchase of the mentioned items then you need not to deduct tax.

If you have received service under contract and there is separately mentioned amount of service and the items purchased then TDS will be deducted on the service portion only u/s.194C however if there is no separate amount mentioned then TDS will be applicable on whole amount (on amount excluding service tax)

For your information,
Thresh hold limit u/s. 194C is amount paid or payable exceed RS.75000 during the year or if single bill exceeds Rs.30000