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Is it deductible to TDS

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CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 29 April 2018

You have to show it in expenses head..,...


mahendra sahoo

mahendra sahoo (Gst Practicion) (700 Points)
Replied 29 April 2018

It is a single bill, if installation charges is professional fees, shall it capitalised or not? What the account entry should be? TDS amount?

hardik

hardik (student) (73 Points)
Replied 01 May 2018

I think installation is part of the sale and it is included in cost of acquisition and not liable to deduct TDS but if it is sale separately then TDS it's required to be deducted

CA Sunil

CA Sunil (Internal Auditor) (204 Points)
Replied 04 May 2018

TDS under section 194 J 10% needs to be deducted for the software usage rights and intallation cost only excluding GST.

In your case TDS U/S 194 J 10 %

500000+100000 = 600000 *10% ===>60,000 <---- TDS needs to ber deducted....

hope clarified your doubt..

 


RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (127463 Points)
Replied 04 May 2018

TDS applicable only for the Installation Charges... Not on Software Purchase Value...




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