Easy Office
LCI Learning

Tds

This query is : Resolved 

21 September 2011 Whether TDS on payment of capital goods to be made? if yes, why...and if not, why

21 September 2011 Yes it is to be made as TDS applies in all the cases whether it is Revenue expenses or capital expenditure.

21 September 2011 Kindly support your reply with applicable section / rules.



21 September 2011 WHY TDS IT IS A CASE OF SALE NO CONTRACT SO NO TDS GENERALLY

CA MANOJ GUPTA
JODHPUR
09828510543

22 September 2011 I agree with you Manoj.

However, if there is contract between 2 parties (A & B) to supply the capital goods. And B would actually procure mutiple capital goods from other vendors lets say C, D, E and so on...and some of them would be actually imported by B from these vendors.

And later B would transfer or sell or set these capital goods for A.

So my query is, whether that would form part of 194(C)...and would that be liable for TDS.

22 September 2011 still its a case of sale of goods no tds
no tds even on installation charges because that will also be part of contract for sale



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query