TDS for Labour charges

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Prakash (Querist)
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12 November 2008 We purchased a Truck from A Co. Rs.560000 (Including separate bill of Labour Charges Rs. 60000/-). But total amount Rs. 560000/- finance by IndusInd Bank.So, how will we deduct TDS on Labour charges amount because total amount paid by IndusInd bank if we deduct TDS then A co's debit balance will show in our books for . But We can't force A Co. to pay TDS amount. So, what we will do in this matter.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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12 November 2008 You will book the Fixed Asset (Truck) and not the labour charges, therefore, no need of TDS

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