29 September 2016
Dear All Our company has purchased the machinery Rs. 3567890/- vendor has also charged Rs. 40000/- for installation of machinery plz do let me know weather TDS will be deduct on 40000 or not if yes under which section,
03 October 2016
It is not correct, TDS applicable on capital expenditure as well.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
03 October 2016
Sir Assume if i have deduct tds in this scenario AO will disallow the 30% portion but we will not debit the same in P&L hence No question of disallow or allow will arise here
Querist :
Anonymous
Querist :
Anonymous
(Querist)
03 October 2016
Pls consider if i have not deduct the tds