30 December 2013
We have purchased a auto bagging machine costing Rs. 551009 and installation cost of Rs. 31020. Kindly confirm whether TDS is applicable on this transaction, on which amount & at what rate under which section.
30 December 2013
No tds applicable on machine purchase . . TDS 194C can be done on installation cost as single payment/invoice exceeds 30000 . . however if you have any AMC for this bagging machine 194C can be done for it