TDS ON PURCHASE OF AIRCRAFT

CAN ANY ONE PLEASE SPECIFY THE RULES OF TDS AS PER IT ACT.

I READ TODAY THAT DOIT CHARGED TDS ON PURCHASE OF AIRCRFT.

THE PURCHASE OF AIR CRAFT IS A CAPITAL EXPENDITURE HENCE ANY TDS RULE IS NOT APPLICABLE ON IT

THANKS

 

Replies (2)

TDS IS  NOT  DEPENDENT ON WETHER EXPENDITURE IS CAPITAL  OR   REVENUE . IF THE PAYMENT IS COVERED UNDER THE SECTION(S) , TDS IS REQUIRED TO BE MADE EVEN IF IT IS CAPITAL EXPENDITURE.   

AS  FOR  EXAMPLE   TDS  IS  REQURD TO BE MADE FOR PAYMENT TO CONTRACTOR U/S 194C  EVEN IF THE PAYEMNT IS FOR CAPITAL EXPENDITURE

 

THEN WHY WE ARE NOT DEDUCTING TDS ON PURCHASE OF MATERIAL OR SOMETHINFG ELSE.

AS A CONTRACT IS ALSO THERE?

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details