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Queries regarding TDS

Govind sevak (Accountant) (46 Points)

08 January 2020

Respected All Members,

Kindly help regarding Tds deduction queries as per below details :-

We purchased Electric Transformer from Transformer Manufacturer supplier so my question is can we Deduct TDS against supplier Invoice. If answer yes so why deduct Tds..??
If answer No so why not deduct Tds..??

Thanks.

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4 Replies

Mahesh Bingi (Tax return preparer) (457 Points)
Replied 08 January 2020

Value of invoice?

Is it a only invoice in the FY ?

Paying to Individual or other ?

1 Like

Govind sevak (Accountant) (46 Points)
Replied 08 January 2020

Value More then 1 lac.
Fy.19-20
Pvt. Ltd.

Pramod Limaye (Chartered Accountant) (172 Points)
Replied 09 January 2020

Since it is purchase of a Machinery there is no TDS in my view. There may be TDS depending on amount on labour charges paid for erection or installation of machinery

1 Like

CA Arun Tiwari (Partner) (4230 Points)
Replied 13 January 2020

TDS on Electric Transformer is fall in Plant & Machinery . So it is Asset then TDS is not required to be deducted .BUT if maintenance or Installation or labour charges are made on this Electric Transformer then TDS under section 194C may be come into the Picture

1 Like