08 July 2009
Hi, Even if it is treated as WIP , you will have to deduct the tax. payment to contractor whether for the revenue expenditure or capital expenditure is liable for TDS.
08 July 2009
TDS should be deducted at the time of making payment or crediting the parties account whichever is earlier. So in your case you are liable to TDS irrespective of the fact whether its revenue or capital expenditure.
CAclubindia
