05 May 2020
The main concept behind is that TDS needs to be deducted on one's income. If we are purchasing an asset it is not an income for us. If we are paying someone which is in the nature of income to the recipient TDS needs to be deducted subject to limits and applicability as per Income Tax Act.
05 May 2020
Capital expenditure involve technical know-how or construction of building pertain to business which involves service needs to be deducted tds if treshhold limit exceeds limit.
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