Dear All,
A company purchased furnitures amounting rs. 170000/- & incurred labor charges for brining the same to the business location amounting rs 30000/-. They capitalized both the amount.But they deducted the TDS on the labour charges incurred in connection wih the furnture.Is company correct in deducting the TDS u/s 94C.Reply ASAP
yes the treatment is done by company is correct, as labour charges should be capitalised and TDS should also be deducted on labour charges. the treatment is correct.....
yes they are correct as per me...
correct treatment
| Originally posted by : chetan | ||
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yes the treatment is done by company is correct, as labour charges should be capitalised and TDS should also be deducted on labour charges. the treatment is correct..... |
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ya agree.........
Yes, treatment done is correct.
treatment is correct
SIR,
IAM WORKING AS A SATUTORY EXECUTIVE IN A MANUFACTURING UNIT FROM 2005 ON WARDS,
MY QUALIFICATION IS MCOM AND NOW IAM INTERESTED IN DOING CA .
PLS SUGGEST ME WHERE TO DO, HOW TO DO, WHEN TO DO,AND FINALLY WHAT IS STARTING LEVEL OF CA
PALLAVI
| Originally posted by : sivaram | ||
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correct treatment |
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| Originally posted by : Shreyans jain | ||
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Deducting ot TDS does not depend on the nature of expenditure i.e. wheather it is capital of revenue . company has correctly deducted tds on labour charges paid for being furniture to its present location. . |
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A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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