08 February 2024
Dear Experts, 1 A company has purchased the vehicle,which has the approx taxable value of Rs 45.00 laks.and the company pays the TCS @ % 2 After the some period, the same vehicle has undergone for the periodical maintenance service to the same dealer. 3 Now the query is 4 Whether the company has the obligation to deduct the TDS u/s 194Q towards the spare parts, which are to be replaced? 5 Since the vehicle purchased amount to be added to calculate the Rs 50.00 Lakhs threshold limit
CAclubindia
