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TDS Deduction
I purchased a Machinery costed Rs.500000 and installtion charges Rs.15000 should I deduct TDS under section 194c for rs 15000 or not.Is there a threshold limit for tds deduction on installation.
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Quick Summary
No need deduct if it's not exceeding Rs 30k (in single bill or Rs One lakh in a FY...
There is no question of TDS on 15,000. you have to add that 15,000 in cost of machine and book machine as asset in books for Rs. 5,15,000
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