Regarding TDS u/s 194Q for goods purchased
This query is : Open
05 February 2024
Respected Sir/Madam
Is TDS deducted u/s 194Q on Capital goods purchased? Normally as per goods we consider only goods we manufacture or resale not capital goods we capitalized in business?? So should we deduct on capex?? Kindly advice
Is TDS deducted u/s 194Q on Capital goods purchased? Normally as per goods we consider only goods we manufacture or resale not capital goods we capitalized in business?? So should we deduct on capex?? Kindly advice
05 February 2024
Yes, Sec 194Q also applicable for purchase of CAPITAL GOODS.
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