Tds on capital item

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 June 2014 Dear Sir

We have purchase software and which has to be capitalised Vendor has charge Vat and we want to know whether TDS is applicable for this and if yes than which Section.

Thanks

Profile Image

Guest

Profile Image

Guest (Expert)
17 June 2014 TDS will not be applicable on purchase

17 June 2014 No TDS will b applicable. If it is capitalised then it will b treated as ur assets.


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 June 2014 thanks for my reply

17 June 2014 Ur Welcome Dear.



U can convey ur thanks by hitting the thanks button.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries