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Tds on capital assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2011 purchase of musical insturment of RS. 221550 by company.......please suggest the tax liabilty of this amount..
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CA Koustubh Vishnu Bhatye

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CA Koustubh Vishnu Bhatye (Expert)
01 August 2011 There is no tds on purchase of material or instrument irrespective of its treatment i.e. capitalised or stock or consumables.
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Satyendra

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Satyendra (Expert)
01 August 2011 Mr. Koustubh Vishnu is right....
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