sir,
I want to know the tax impact of expenses incurred for the construction of buildings.
whether tds is to be deducted for such expense if those expenses are captilised along with fixed assets
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tds on building under work in progress
Replies (3)
Yes you will to deduct for the expenses incurred for construction of building
tds deduct under section 194c if transaction exceeds thershold limit
even though those expenses are capitalized still TDS under section 194c is deductible
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