banner_ad

TDS to be deducted

This query is : Resolved 

30 December 2019 Dear Sir,
I have recently, over two months, paid Rs 120,000 for repairs of my vehicle
The final payment of Rs 20,000 is due tomorrow. Please let me know if any TDS needs to be deducted on this amount, if so what percentage and whether I can deduct the entire amount in the final bill
Krishna Rajesh

31 December 2019 Deduct 194c TDS @ 2% in the final bill.

31 December 2019 Yes... You can deduct TDS for value of 120000 in final bill. TDS rate applicable as per PAN of the Deductee...


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details