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Tds on fixed asset

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(Querist)
08 August 2014 sir, In a software company, an air conditioner worth 80000/- has been purchased. TDS is deducted on that amount. hw can tds be deducted on fixed asset purchase. please guide me. Thanku
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Rupesh Jain

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Rupesh Jain (Expert)
08 August 2014 no tds on assets purchases . =only installation charges will TDS applicable if it cross the limit u/s 194C.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 August 2014 TDS should not be deducted on Purchase Price of Asset. TDS to be deducted on on installation charges u/s 194C if threshold limit is crossed.
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