Is tds deductible for capital expenditure

This query is : Resolved 

27 June 2013 Is tds deductible contractor fees for constructing new building.

27 June 2013 Yes TDS to be deducted u/s 194C.

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).


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