Tds on capitalised expenses
This query is : Resolved
Quick Summary
05 September 2024
If contract expenses are capitalised by deductor /payer ( ie.not debited to prof loss of deductor,) does deductor have to deduct 194c?
My view yes because it's it's still income of deductee/payee.
Also 194c plainly says deduct .
My view yes because it's it's still income of deductee/payee.
Also 194c plainly says deduct .
Dhirajlal Rambhia
(Expert)
05 September 2024
Yes, need to deduct TDS in all such cases.
05 September 2024
yes, deduct but no need to disallow u/s. 40 as 40 is only for exepnses .ty
Dhirajlal Rambhia
(Expert)
05 September 2024
You are welcome.
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