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TDS on Fixed Asset Installation

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(Querist)
25 October 2010 Dear All,

Ours is private limited compnay, i want to know whether should i deduct TDS on supply of motor pump (fixed asset) with installation charges?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
25 October 2010 Since this a purcahse contract, NO TDS will be applicable.
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taxindiaconnect

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taxindiaconnect (Expert)
26 October 2010 If the installlation charges are being invoiced sparatly then deduct TDS u/s 194C on those charges bills only. If the invoice amount include everything, then TDS is required to be deducted on the entire amount.
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