Fees Paid to Architect with Construction or material
This query is : Resolved
03 November 2021
Fees Paid to Architect Rs.20,00,000 with Construction and Material is this exp. book capitalized or TDS applicable 194J 10% OR work contract 194C 2%
03 November 2021
If the contract is for construction of any property with material, sec. 194C would be applicable; provided the professional fees are separately charged. For professional fees sec. 194Jb will get attracted.
03 November 2021
Expenses Book Repairing Maintenance or Capitalized in Fixed Asset amount approx 15,00,000 construction with material and 5,00,000 fees
03 November 2021
If it is regular maintenance & repairing cost, you can book expense, otherwise capitalize it.
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