Tds
This query is : Open
24 December 2013
Dear Sir,
Is TDS should be deduct at the time of purchase of asset?????
Is TDS should be deduct at the time of purchase of asset?????
24 December 2013
Asset purchase is what in nature is it by way of some service like construction of building. Or is it way of final product which is inclusive of excise, vat as applicable.
If it is by way of service then TDS is applicable or else not required.
If it is by way of service then TDS is applicable or else not required.
24 December 2013
Thanq Manish,,
From your explaination, i understand that if we purchse Assets like computers, furnitures and AC's TDS should not be deducted. If any services recevied like installation AC's or installation of computer software we can deduct TDS. Am i right Mr. Manish??
From your explaination, i understand that if we purchse Assets like computers, furnitures and AC's TDS should not be deducted. If any services recevied like installation AC's or installation of computer software we can deduct TDS. Am i right Mr. Manish??
24 December 2013
Yes you got it right
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
