Tds on led light purchase
Dear All,
Our client has purchased LED Light for Rs. 83491.00 with 2 years Guaranty. Client suggest he want to claim Full expense in current year itself.
whethere it should go under expense then which Expense.
Or Can we Capitalized under which head
TDS Applicability on Above
Nature of Business - Petrol Pump
Replies (3)
- If such purchase is towards replacement of existing electrical fittings, then as expense: Repairs & maintenance
- If it is a new purchase, then it can be capitalized under electrical fittings
- TDS is not applicable in this case
If I Treat as an Expense then TDS Implication if any????
No TDS on purchase of LED lights
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