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Tds on capital item

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 Dear Sir

We have purchase software and which has to be capitalised Vendor has charge Vat and we want to know whether TDS is applicable for this and if yes than which Section.

Thanks

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Guest

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Guest (Expert)
17 June 2014 TDS will not be applicable on purchase

17 June 2014 No TDS will b applicable. If it is capitalised then it will b treated as ur assets.


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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 thanks for my reply

17 June 2014 Ur Welcome Dear.



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