01 November 2013
Hello, Purchase and Installation of Genset, quite a huge one. Do we need to deduct 2% TDS ? Price is a single quote for purchase and installation of Genset. Installation is included in the purchase price. Thanks.
02 November 2013
Only installation charges will attract TDS u/s.194C. but the query states that invoice is combined one for purchase and installation, hence TDS will apply total value of invoice including purchase price
CAclubindia
