Menu
TDS on Capital Assets
Is TDS is applicable on the expences which are to be capitalised ??
TDS is deducted U/S 194C of the IT act.
In one instance i hava encountered a case where company has deducted 2% TDS on the said payment which is of capital nature.
Replies (3)
Yes, it can be capital expenditure not exempted for TDS under the act.
Yes the above is possible. Eg: In case of bill of labour work for new Furniture made TDS will be deducted on labour bill though the same is to be capitalised.
Recent Topic
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
Related Topics
CAclubindia
