TDS on purchase of Capital Asset
This query is : Resolved
05 January 2011
Hi,
Can a company deduct TDS on purchase of capital assets??? If so, what is the rate of TDS and section number???
Advance thanks for the reply....
Can a company deduct TDS on purchase of capital assets??? If so, what is the rate of TDS and section number???
Advance thanks for the reply....
05 January 2011
TDS is not applicable on purchase transactions.
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