Tds

This query is : Resolved

shrikant (Querist)
Follow

08 June 2012 we have purchase cctv for our office premices the invoice that we have received includes installation charges also.is liability to deduct TDS Arise if separate bill for the installation charges not raised by vendor

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

08 June 2012 The transaction seems to be of Purchase of CCTV Camera. It's not a contract to install CCTV camera. The charges are incidental to put to use the CCTV Camera.
.
In case installation charges is less than Rs.30000/- no TDS is required to be deducted.
.
Entire amount including installation Charges can be shown in the respective asset A/c.
.

Ki$hor B

Ki$hor B (Expert)
Follow

08 June 2012 Since you've received a single invoice for both the equipment & installation charges and further the labour cost of installation does not exceed 30k, no TDS is attracted.

Upgrade to CAclubindia Pro. Subscribe Now!