Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 04 July 2008
TDS IS NOT DEPENDENT ON WETHER EXPENDITURE IS CAPITAL OR REVENUE . IF THE PAYMENT IS COVERED UNDER THE SECTION(S) , TDS IS REQUIRED TO BE MADE EVEN IF IT IS CAPITAL EXPENDITURE.
AS FOR EXAMPLE TDS IS REQURD TO BE MADE FOR PAYMENT TO CONTRACTOR U/S 194C EVEN IF THE PAYEMNT IS FOR CAPITAL EXPENDITURE
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