TDS applicability on extended warranty charges
This query is : Resolved
06 July 2023
Urgent !
Is TDS applicable for the extended warranty charges for the Laptop which is included in the invoice and not as separate invoice/ contract?
Thanks in advance!
Is TDS applicable for the extended warranty charges for the Laptop which is included in the invoice and not as separate invoice/ contract?
Thanks in advance!
06 July 2023
No. It gets capitalized with the laptop acc.
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06 July 2023
But in the audit office, they stress that warranty charges is a contract and we have to deduct TDS u/s 194c.
Kindly advise.
Kindly advise.
06 July 2023
It is general practice to capitalize the initial cost of laptop with extended warranty when the separate bill for warranty is not issued by supplier.
Check your purchase order, if it doesn't include the total cost, then treat the warranty charges separately and deduct TDS over it.
Check your purchase order, if it doesn't include the total cost, then treat the warranty charges separately and deduct TDS over it.
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