Tds on led light purchase

4072 views 3 replies
Dear All, Our client has purchased LED Light for Rs. 83491.00 with 2 years Guaranty. Client suggest he want to claim Full expense in current year itself. whethere it should go under expense then which Expense. Or Can we Capitalized under which head TDS Applicability on Above Nature of Business - Petrol Pump
Replies (3)
  1. If such purchase is towards replacement of existing electrical fittings, then as expense: Repairs & maintenance
  2. If it is a new purchase, then it can be capitalized under electrical fittings
  3. TDS is not applicable in this case

If I Treat as an Expense then TDS Implication if any????

 

No TDS on purchase of LED lights


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register