194Q applicable for capital goods ?
kumar rajat (285 Points)
07 March 2022like plant & machinery or vehicles etc
Thanks expert
kumar rajat (285 Points)
07 March 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 07 March 2022
Yes...
'goods' means every kind of movable property subject to certain exceptions and inclusions, irrespective of whether it is capital goods or not. Hence TDS to be deducted on purchase of capital goods also.