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Tds on capital equipment

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(Querist)
03 October 2014 why there is no tds on purchase of capital equipment
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 October 2014 TDS is not applicable on any purchases..be it capital or non-capital...

the logic behind this appears to be that no-straight % can be applied to goods sales as profit. further govt is already levying so many taxes on sales of goods that one more tax might simply force manufacturers to go out of business..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 October 2014 because on sale already state are charging vat.
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