Tds on capital expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2016
Dear All
I need your valuable guidance as to weather TDS is deductable on capitalized expenditure or not i.e. machinery installation charged paid to
Vendor Rs. 40000/-
Thanks,
Mukesh Jain
I need your valuable guidance as to weather TDS is deductable on capitalized expenditure or not i.e. machinery installation charged paid to
Vendor Rs. 40000/-
Thanks,
Mukesh Jain
27 October 2016
If there is a separate bill, for installation charges then u must deduct TDS u/s 194C.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2016
Sir.
Assume if i have not deduct the TDS on this capital expenses then what will be consequences however if tds is
pertain to revenue exp. Then AO will disallowed the 30% of expenses. In this case what the AO will disallowed.........
Your views pls,
Assume if i have not deduct the TDS on this capital expenses then what will be consequences however if tds is
pertain to revenue exp. Then AO will disallowed the 30% of expenses. In this case what the AO will disallowed.........
Your views pls,
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