Tds
This query is : Resolved
21 September 2011
Whether TDS on payment of capital goods to be made? if yes, why...and if not, why
21 September 2011
Yes it is to be made as TDS applies in all the cases whether it is Revenue expenses or capital expenditure.
21 September 2011
Kindly support your reply with applicable section / rules.
CA MANOJ GUPTA
(Expert)
21 September 2011
WHY TDS IT IS A CASE OF SALE NO CONTRACT SO NO TDS GENERALLY
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
22 September 2011
I agree with you Manoj.
However, if there is contract between 2 parties (A & B) to supply the capital goods. And B would actually procure mutiple capital goods from other vendors lets say C, D, E and so on...and some of them would be actually imported by B from these vendors.
And later B would transfer or sell or set these capital goods for A.
So my query is, whether that would form part of 194(C)...and would that be liable for TDS.
However, if there is contract between 2 parties (A & B) to supply the capital goods. And B would actually procure mutiple capital goods from other vendors lets say C, D, E and so on...and some of them would be actually imported by B from these vendors.
And later B would transfer or sell or set these capital goods for A.
So my query is, whether that would form part of 194(C)...and would that be liable for TDS.
CA MANOJ GUPTA
(Expert)
22 September 2011
still its a case of sale of goods no tds
no tds even on installation charges because that will also be part of contract for sale
no tds even on installation charges because that will also be part of contract for sale
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