Non deduction of TDS in case of Capital expenditure
This query is : Resolved
24 November 2008
what would be the impact if the TDs is not deducted on the transactions which is capital in nature ie, Building Construction contract, Erection of new machinery etc...and please mention if there is any circular with reference to the above issue...
24 November 2008
you may be treated as assesee in default and the amount of tds, interest, penalty can be demanded from you.
Guest
Guest
(Expert)
06 April 2009
However there cannot be any disallowances u/s 40(a)(ia).................
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