Is TDS applicable on purchase of plant ?
This query is : Resolved
02 August 2024
Hello everyone,
A ltd, has purchased plants worth Rs.250000/- as part of planation activity.
Is there requirement to deduct tax at source ??
A ltd, has purchased plants worth Rs.250000/- as part of planation activity.
Is there requirement to deduct tax at source ??
02 August 2024
No there is no TDS on purchase of plant of Rs. 2,50,000. If there was any kind of service involved in this TDS could have applied on the service part.
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