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Tds

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Querist : Anonymous (Querist)
21 February 2012 whether TDS is applicable for capital expenditure .if yes..what are the consequences if TDS not deducted.?

21 February 2012 TDS is deducted based on the nature of payment as provided in the relevant sections... not based on the nature of capital or revenue... Even if the nature of payment is of capital but is being fallen in any of the section of TDS, TDS must be deducted..

The consequences of non-deduction will lead to initiate levy of interest and penalty prosecution under various provisions of act.


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