Purchased machinery for Rs. 131000 such as Rs. 100000 for machine and 31000 for installation charges in single bill.
on what amt Tds should be deduct
ed on total amount or only on 31000?
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Tds on installation charges
Replies (5)
TDS should be applicable on 31000 as remaining amount represents purchase price
tda deducted on 31000
As query raised by Mr. Gurtej singh, TDS will be deducted on Rs 131000/-
I think that should be the case if single amount is charged for entire work.. in that case we can consider it as work contract.. but here separate amount is charged for both machine and installation
If they are separate bills then onlyon installation.. You have to deduct the tds.. If both are in same bill then you have to deduct tds on entire 1.31lacs
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