TDS is applicable on Fixed Assets?

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Quick Summary
Discussion on whether TDS applies on purchase of fixed assets. Majority view: no TDS on pure asset purchase since it is capital expenditure, not expense. However, TDS applies on related payments like labour, installation, commission, or services even if capitalised under relevant TDS sections.

Dear Sir, 

Stamp Duty paid on finance of the new assets purchase should be capitalized or treat as regular expenses ????????

Regards


What is Fixed Asset?..

How to account the Fixed Asset & Provision of Depreciation

 

it is clearly clear that purchase of assets will not attract tds laibility

To :

 

Dear Colleagues,

Our Company has purchased Land at Parawada Mandal - Visakapatnam, 

Later we are received a bill for the Reimbursement of Fixed Expenses for the period ------ to  -----.

Have we to deduct TDS on this Reimbursment Expenses. Request to clarify.

Srinivas

 

I have another confussion that, is TDS to be deducted while paying instalments under lease transactions? If yes then why?

also depreciation expenses claimed will be disallowed

No TDS on Fixed assest, but on purchase of Immovable property yes. U/s 194LA

can someone tell me the depreciation rate on a loading van that is being used in the office?

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