Tds on fixed asset
This query is : Resolved
rishika agarwal
(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
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.
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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