Hi sir/Madam
a company has constructing a building as an asset. they had paid big amounts to sub contractor as labour charges. so my doubt is shall we need to deduct TDS on the payment made to sub contractor.? it's capital expenditure not revenue expenditure. So can I capitalise this amount without deducting TDS or is it mandatory to deduct TDS?
please advice
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TDS on labour charges for capital expenditure
Replies (5)
Quick Summary
TDS need to be deducted over the expenditure (capital) also.
Over the capital expenditure also?
Mandatory to deduct tds.
Yes mandatory
Sec 194 C.
pls post actual datas.
Individual or firm. depending on which the rate will vary.
pls post actual datas.
Individual or firm. depending on which the rate will vary.
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