Section 194Q On fixed assets
This query is : Resolved
08 February 2023
Sir/Madam,
Is deduction u/s 194Q applicable on fixed assets (Movable) purchased for an organisation if it exceeds specified limit ?
Is deduction u/s 194Q applicable on fixed assets (Movable) purchased for an organisation if it exceeds specified limit ?
08 February 2023
Yes, the rule is applicable even to capital goods purchased.
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