Hi,
Can anyone provide me the case law in support for deduction of TDS on capital expenditure such as installation charges, contractor payment for construction.
CA. Rashi Goyal (Chartered Accountant) (512 Points)
29 December 2008Hi,
Can anyone provide me the case law in support for deduction of TDS on capital expenditure such as installation charges, contractor payment for construction.
NANDURI RAVI SURYA NARAYANA MU
(ACCOUNTANT)
(194 Points)
Replied 29 December 2008
For you it is capital expenditure, But on behalf of installation and others works gerated income is main source of income to the other party, automatically it will attract TDS, according to their contract or consultancy.
CA. Rashi Goyal
(Chartered Accountant)
(512 Points)
Replied 29 December 2008
Hi,
Can you please provide any case law in support for this.
And if TDS is not deducted on capital expenditure than what is the impact on disallowability of depreciation. Also provide case for it.
prabu
(accounts manager)
(23 Points)
Replied 30 December 2008
office renowation is detuctable under tds
CA. Rashi Goyal
(Chartered Accountant)
(512 Points)
Replied 30 December 2008
Hi Prabhu,
You are absolutely right but can you provide any case law in support for it.
What about installation of machinery and its impact on depreciation if TDS is not deducted.
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