Tds
This query is : Open
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?????
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.
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??
24 December 2013
Yes you got it right
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