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TDS Deduction

30 March 2020

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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2 Replies

RAJA P M ("Do the Right Thing...!!!") (127072 Points)
Replied 30 March 2020

No need deduct if it's not exceeding Rs 30k (in single bill or Rs One lakh in a FY...

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 01 April 2020

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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