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
TDS need to be deducted over the expenditure (capital) also.
CAclubindia
