TDS ON PETROL & R &M

This query is : Resolved 

13 July 2008 1)WHTHER TDS IS APPLICABLE ON PETROL & FUEL EXPENSES IF PAYMENT MADE TO SUCH PARTY EXCEEDS RS.50,000?
2)WHTHER TDS IS APPLICABLE ON REPAIRS & MAINTANCE EXPENDITURE ?
(SUGGEST ANY MATERIAL FOR TDS DETAILS)

13 July 2008 1) no

2)yes ......subject to limits

14 July 2008 You should refer to section 194 C of the income tax act for this.




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