TDS Deduction

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374 Points Joined December 2017
I purchased a Machinery costed Rs.500000 and installtion charges Rs.15000 should I deduct TDS under section 194c for rs 15000 or not.Is there a threshold limit for tds deduction on installation.
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On 30 March 2020 at 15:35 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
No need deduct if it's not exceeding Rs 30k (in single bill or Rs One lakh in a FY...
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On 30 March 2020 at 16:16
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Coaching and Practice in Tax Audit Law
4429 Points Joined June 2018
There is no question of TDS on 15,000. you have to add that 15,000 in cost of machine and book machine as asset in books for Rs. 5,15,000
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On 01 April 2020 at 20:54


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