05 August 2014
My client has a hotel business & he is erecting a new building for the same is the he has installed a life is the TDS deductible under 194C ?? If yes Then If a fixed asset is purchased and the specifications are given by the buyer then is TDS is deductible though the raw material is not supplied.
06 August 2014
but suppose if the asset purchased is dies which is specific in nature...and if the answer to the the first question is yes then lift installation also includes manufacturing which is as per specification of client and on contractual basis then how come we should not deduct TDS other fixed asset
CAclubindia
