Is tds deductible for capital expenditure
This query is : Resolved
GUDLA SAI PRASAD
(Querist)
27 June 2013
Is tds deductible contractor fees for constructing new building.
27 June 2013
Yes TDS to be deducted u/s 194C.
GUDLA SAI PRASAD
(Querist)
29 June 2013
if tds was not deducted what will be the cause to the party
29 June 2013
Deduct and pay along with interest @1% per month till the date of deduction and payment.
If not deducted and it gets noticed you are liable to pay interest u/s 201(1A).
If not deducted and it gets noticed you are liable to pay interest u/s 201(1A).
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