Tds
This query is : Open
A.JAGADEEP
(Querist)
24 December 2013
Dear Sir,
Is TDS should be deduct at the time of purchase of asset?????
Is TDS should be deduct at the time of purchase of asset?????
Manish Bhandari
(Expert)
24 December 2013
Asset purchase is what in nature is it by way of some service like construction of building. Or is it way of final product which is inclusive of excise, vat as applicable.
If it is by way of service then TDS is applicable or else not required.
If it is by way of service then TDS is applicable or else not required.
A.JAGADEEP
(Querist)
24 December 2013
Thanq Manish,,
From your explaination, i understand that if we purchse Assets like computers, furnitures and AC's TDS should not be deducted. If any services recevied like installation AC's or installation of computer software we can deduct TDS. Am i right Mr. Manish??
From your explaination, i understand that if we purchse Assets like computers, furnitures and AC's TDS should not be deducted. If any services recevied like installation AC's or installation of computer software we can deduct TDS. Am i right Mr. Manish??
Manish Bhandari
(Expert)
24 December 2013
Yes you got it right
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
