Tds on instalation charges of machinery
This query is : Resolved
13 July 2015
is tds be deducted on instalation charges of machinery? please tell exp amount 34000RS.
13 July 2015
Yes, TDS applicable, deduct 1%/2% as per requirement.
13 July 2015
TDS is applicable on all the expenses during purchase, installation of macinery
13 July 2015
On purchase or sale there is no tds but only on services provided like in works contract or installing charges if threshold limit exceeds like in given case then deduct tds u/s 194C
If deductee is Ind or huf - @1%
for other -2%
if no pan then 20%
If deductee is Ind or huf - @1%
for other -2%
if no pan then 20%
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