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TDS on Installation of machinery

TDS 33403 views 17 replies
Quick Summary
Discussion on TDS applicability on machinery purchase with separate installation charges. Majority view: machinery purchase is capital expenditure, so no TDS on asset value; TDS u/s 194C applies only on installation/labour charges if separately billed and above threshold.

hey anand that wasnt the reason i was lookin for

if you will not deduct tds there will be no issues regarding capitalisatiion but  the only issue will arise is that non deduction will lead to fines(i don remember the section)

understood??

if through self hire labour the hotel building was completed whether tds & service tax liabilities come

My Question to Anand Sir...

According to which provision ITO will disallow my capitalization Exps??????//

According to my views there is no provision in Income Tax Act regading Deduction of TDS and if not deducted than disallowances of Such Capital Exps....

wether there is any prov or judgement regarding that????????


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