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Tds liability on purchase of goods from foreign supplier

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 February 2016 WE HAVE TO IMPORT GOODS ie MACHINERY SPARES FROM FOREIGN SUPPLIER WHO IS HAVING A SUBSIDIARY COMPANY IN INDIA.

HOWEVER, THERE IS NO INVOLVEMENT OF THE SAID SUBSIDIARY COMPANY OR THEY ARE PROVIDING ANY SERVICES SUCH AS INSTALLATION ETC.

IT WILL BE A A PURE PURCHASE TRANSACTION.

MY QUERY IS :- WHETHER TDS IS APPLICABLE TO SUCH TRANSACTION ?
IF YES, WETHER ON WHOLE TRANSACTION AMOUNT?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
10 February 2016 No,For purchase of Machinery spares tds will not applicable.

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