TDS dedn on labour charges which is capitalised.
This query is : Resolved
17 September 2009
whethr TDS to be deducted on labour charges which is capitalised to the cost of an asset.
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
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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