Tds on purchase of photo copy machine
This query is : Resolved
13 March 2012
Dear sir,
A deductor, who is liable to deduct TDS on payment of contracts u/s 194C. Now the said deductor is going to purchase a photo copy machine of cost around Rs. 50000/-,for office use. Whether he is also liable to deduct TDS on payment made for purchase of machine or not.
Thanks in advance.
A deductor, who is liable to deduct TDS on payment of contracts u/s 194C. Now the said deductor is going to purchase a photo copy machine of cost around Rs. 50000/-,for office use. Whether he is also liable to deduct TDS on payment made for purchase of machine or not.
Thanks in advance.
13 March 2012
Purchase of material and assets not liable to TDS . So no need to deduct TDS on this transaction
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