Tds on capital expenditure
This query is : Resolved
19 February 2014
Ours is a partnership firm and our case is being subjected to tax audit for the last several years . Now our firm is going to make capital expenditure i.e. construction of premises for our own office. Now my query is whether our firm is required to make TDS in respect of capital expenditure i.e. contractor payments, engineer'fees etc.,
19 February 2014
TDS is required to be deducted. Contractor payment will fall under Contractor @ 2%, Professional Services @ 10%.
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