Pvt ltd company purchasing a second hand car

Divya Garg (Director) (178 Points)

24 November 2013  

if a pvt ltd company is purchasing a second-hand used can in name of company from some individual, can we just make payment to the individual without any VAT/TDS etc ? Any other kind of tax will come here except road tax ?

 

What sort of receipt/documents for such deal ?

 

We are going to make payment to him via netbanking.

 

Regards,
Divya