TDS on Capital Expenditure

Dear friend,

1) If you do not deduct the TDS on a particular tansaction on which you are liable to deduct TDS under the Act, then you will be liable for penalty &  interest for non deposit and non filing of quarterly TDS returns  under TDS provisions. Hence, please comply TDS provisions in time to avoid penalty & interest.

2) I do not think that, there will be any change in the treatment of  capital gain for non deduction of TDS.

howere, I request you to kinldy e-mail, what is the actulal  asset  in questtion, to enable me to clarify in detail.

My e-mail  id  -  m.chanageri @ yahoo.com

Thanks & Regards,

MANJUNATH

Is TDS is applicable for payments made before commencement of business also? We are a private limited company and making some payments to consultants, designers etc.,. Do we need to deduct TDS on these payments? Business operations and sales are not ye commenced?