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consequence of non deduction of Tax on capital expenditure

This query is : Resolved 
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(Querist)
23 February 2009 Please reply,

An assessee purchases a machine of Rs. 1,00,00,000/-, and does a contract with a firm for its transportation from its place of manufacture to the assessee's factory. For this he pays Rs.1,00,000/- to the firm, how ever he does not deducts tax at source. As this Rs. 1,00,000/- is a capital expenditrue it is required to be capitalised. But due to non deduction what will be its consequence ? Wil it have any effect on depreciation charged on that machinery ?
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
23 February 2009 There is no need of TDS on Capital Expenditure.
As a result, no penal provisions are attracted.
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