Ravi
(MBA)
(25 Points)
Replied 03 May 2016
Respected... If I am a compoany and I have purchased 3 air conditioners worth of Rs. 144900 total bill, At what rate do I need to deduct the TDS on this bill
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 30 January 2017
Mr. Ravi,
There is no need to deduct TDS on purchase of Air Conditions because you are purchased an assets not received any services.
It will be capitalized and depreciation would be charged as per company act @ 13.91%.
Regards,
CAclubindia
