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Non deduction of tds

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(Querist)
27 November 2013 If TDS is not deducted on an expd which is of capital nature on which depreciation is being claimed. What are the tax implications ???
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Ganeshbabu K

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Ganeshbabu K (Expert)
28 November 2013 No problem ..depreciation is allowed also
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let me tell you depreciation is allowance and not a expence nature
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and tds required to deduct if it is debited to profit and loss account ,,

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