About tds

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MAAZ (Querist)
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21 April 2016 I AM HANDLING BUILDER ACCOUNTS ....THERE USED TO ASK WATER TANKER .. ITS COST AROUND 1000/- PER TANKER,.. ITS COME REGULARLY EVERY DAY..

IS THERE COMPULSORY TO DEDUCT TDS ON IT...

Gokul Sharma

Gokul Sharma (Expert)
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21 April 2016 tds is not applicable on supply of material . tds applicable on services.

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K.Govindarajan

K.Govindarajan (Expert)
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22 April 2016 I understand that you are just buying water supplier in tanker lorry . If my understanding is correct then no need to deduct TDS , it is only a purchase .

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MAAZ

MAAZ (Querist)
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22 April 2016 THERE ARE TRANSPORT ALSO AND ITS LIKELY TO BE SERVICES.. SO NEED TO DEDUCT TDS OR NOT

K.Govindarajan

K.Govindarajan (Expert)
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22 April 2016 you are buying water . it is simple . The price is assumed to be CIF i.e cost includes insurance and fright hence no need to deduct tax . or if you are arranging transport and paying separately for transport then TDS applicable only on transportation charges and water is purchase TDS is not applicable .

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