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Tds on installation charges

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Querist : Anonymous

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Querist : Anonymous (Querist)
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,

Regds
Ramesh

29 September 2016 TDS applicable on 40000 u/s 194C.

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2016 Sir
Many CA has said No TDS will be deduct on this installation charges because this is capitalized expenditure , is this correct




03 October 2016 It is not correct, TDS applicable on capital expenditure as well.

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Querist : Anonymous

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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

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2016 Pls consider if i have not deduct the tds

03 October 2016 No dis allowance will be there.



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