WHETHER TDS IS APPLICABLE ON CAPITAL EXPENDITURE
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
28 July 2023
whether any disallowance in current year if TDS is not deducted on capital expenditure
or depreciation is disallowed ?
or depreciation is disallowed ?
CA R SEETHARAMAN
(Expert)
28 July 2023
Not included in the block of assets hence Depreciation not allowed.
Suresh S. Tejwani
(Querist)
28 July 2023
whether any disallowance in current year if TDS is not deducted on capital expenditure?
CA R SEETHARAMAN
(Expert)
28 July 2023
No disallowance only depreciation effect will be there.
Suresh S. Tejwani
(Querist)
28 July 2023
If any expenditure capitalized than also need to deduct TDS?
CA R SEETHARAMAN
(Expert)
29 July 2023
Yes TDS applicable irrespective of capital or revenue expenditure.
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