plot purchased in the name of a proprietorship firm and paid rs 3 lakhs to a contractor for construction.
and debited to fixed asset and capitalized the construction expense.
should we duduct TDS?
1 Replies
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 02 December 2021
TDS liable @ 1%/2% u/s 194C
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