Dear all can u tell me if one company spent money on some expenses on which TDS should be deduct but TDS is not deducted due to same is transferring to Balance sheet as deffered assets- can u tell me is it require of deduction of TDS?
Amol Mantri (Artical Assistant) (49 Points)
24 July 2009Dear all can u tell me if one company spent money on some expenses on which TDS should be deduct but TDS is not deducted due to same is transferring to Balance sheet as deffered assets- can u tell me is it require of deduction of TDS?
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 24 July 2009
Mr.Amol Mantri
TDS provisions are applicable to both revenue and capital expenditure.
Best Wishes
Sathikonda