banner_ad

TDS

TDS 531 views 1 replies

Will tds be deductible on the amortiztion expenses ?

To explain further, Party X has amortized the moulds which is given by his  client ( Say Party Y )

The ownership of the moulds is with Y and X pays receives for using the Moulds .

so considering the above situation will Tds  applicable for the above transaction ??

Please clarify

Replies (1)
I think your question is about rent of machinery, If client Y has given a mould (machinery) to party x, then client y would have received consideration ie rent. Therefore TDS should not deduct on amortisation of expenses but TDS should be deducted on Rent.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details