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TDS dedn on labour charges which is capitalised.

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(Querist)
17 September 2009 whethr TDS to be deducted on labour charges which is capitalised to the cost of an asset.
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CA Nilesh Karn

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CA Nilesh Karn (Expert)
17 September 2009 Yes TDS has to be deducted from the payment to vendors towards labour charges irrespective of whether or not such labour charges is capitalised in the books of account
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Anjani Pratap Tiwari

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Anjani Pratap Tiwari (Expert)
17 September 2009 Yes TDS to be deducted on labour charges it does not matter whether it is to be capitalised or revenue in nature.




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