Tds on purchase and installation of genset.
This query is : Resolved
Shajan Varghese
(Querist)
01 November 2013
Hello, Purchase and Installation of Genset, quite a huge one. Do we need to deduct 2% TDS ? Price is a single quote for purchase and installation of Genset. Installation is included in the purchase price. Thanks.
CMA Ramesh Krishnan
(Expert)
02 November 2013
Only installation charges will attract TDS u/s.194C. but the query states that invoice is combined one for purchase and installation, hence TDS will apply total value of invoice including purchase price
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