Hi friends!
Please advice on the following.
A Company paid amount towards purchase of CCTVs and service charges for installation for rs. 70000.
So Shall the company deduct TDS on the above payment and which section shall be applied for this transaction.
Thanks in advance
Balu
The company may deduct TDS from the installation charges if it crosses the threshold.
If the bill has mentioned the value of goods then deduct such value and deduct tax on the installtion charges. If installation charges are less than the limit then no need to deduct tax.
CAclubindia
