TDS Deduction

209 views
User Avatar

374 Points Posted on 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.
0 Reply Share Follow
On 30 March 2020 at 15:35 Report
Replies (2)
Quick Summary
This discussion clarifies TDS deduction on machinery installation charges. It explains that installation costs should be added to the machinery's total cost, not treated separately for TDS under Section 194C. The threshold limits for TDS deduction are also discussed, confirming no TDS is applicable on Rs 15,000 installation charges in this scenario.

User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 30 March 2020
No need deduct if it's not exceeding Rs 30k (in single bill or Rs One lakh in a FY...
Reply
On 30 March 2020 at 16:16
User Avatar

Coaching and Practice in Tax Audit Law
4429 Points Posted on 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
Reply
On 01 April 2020 at 20:54

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading