TDS on purchase of asset with installation
This query is : Resolved
Jitender Garg
(Querist)
20 February 2008
Hello EXPERTS,
ABC Pvt Ltd place a order for supply of kitchen equipment. As per payment terms of P.O.
Ex work amt 2987010
Exice duty 149351
sub total 3136361
sale tax 3% on 3136361 94091
Installation charges (Included)
Order Value 3230452
Installation of system will be carried out at cost included in above costso it is composite contract.
Now my query is that wether TDS will be done as it is composite order including installation i.e TDS will be done
OR
TDS will not be done as Sales tax is leived on sub total amount.
ABC Pvt Ltd place a order for supply of kitchen equipment. As per payment terms of P.O.
Ex work amt 2987010
Exice duty 149351
sub total 3136361
sale tax 3% on 3136361 94091
Installation charges (Included)
Order Value 3230452
Installation of system will be carried out at cost included in above costso it is composite contract.
Now my query is that wether TDS will be done as it is composite order including installation i.e TDS will be done
OR
TDS will not be done as Sales tax is leived on sub total amount.
S.Srinivasaraghavan
(Expert)
20 February 2008
If installation is free of cost, then there is no question of TDS.
20 February 2008
SINCE NO EXTRA COST HAS BEEN PAID FOR INSTALLATION ,TESTING & COMMISSIONING NO TDS IS REQUIRED TO BE DEDUCTED
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