Tds will dedcutable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2016
We have purchase fire safty items with instalation chg. vat has charged by them on 100% value and service tax chg. by them on 40% on inv. value . can any body confirm that tds dedcution is applicable or not
Ankur Singhal
(Expert)
23 March 2016
Dear
From the facts reproduced by you it seems as an asset is purchased.
Hence no TDS to be deducted the installation charges will be capitalised.
From the facts reproduced by you it seems as an asset is purchased.
Hence no TDS to be deducted the installation charges will be capitalised.
Amol S Joglekar
(Expert)
24 March 2016
TDS is not applicable in this case.
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