Sandeep Mishra (CA FINAL) (151 Points)
28 April 2010
Ashish Sharma
(Service)
(1028 Points)
Replied 28 April 2010
Yes, it can be capital expenditure not exempted for TDS under the act.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 28 April 2010
Yes the above is possible. Eg: In case of bill of labour work for new Furniture made TDS will be deducted on labour bill though the same is to be capitalised.
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 28 April 2010
dear sandeep
offcourse it has to be capitilised if it is in the nature of capital exp and if tds provision is applicable on the same then we have to deduct tds irrespective of the nature of expenditure.
if tds is not deducted on the same then it shall be disallowed and hence we can not capitilised it and can not claim depreciation on it.
CAclubindia
