About tds
This query is : Resolved
23 May 2012
Respected Sir / Madam,
one question i have about tds. our institute purchased dress material for our peon's from one company before purchasing we made a purchase order for that after collecting material & bill from him we made a payment after deducting a tds on gross amount , but now he said that tds is not applicatble to him because he is selling a material and he refuse to collect the cheque, when i asked to our c.a
he said we gave him a purchase order it means we made a contract with him so as per the contractor's rule it is necessary to deduct the tds so why we did .
so my question is which is the right decision should i draw a new cheque without deducting tds or tell to vendor to collect old cheque
what is the remedy please help me out.
one question i have about tds. our institute purchased dress material for our peon's from one company before purchasing we made a purchase order for that after collecting material & bill from him we made a payment after deducting a tds on gross amount , but now he said that tds is not applicatble to him because he is selling a material and he refuse to collect the cheque, when i asked to our c.a
he said we gave him a purchase order it means we made a contract with him so as per the contractor's rule it is necessary to deduct the tds so why we did .
so my question is which is the right decision should i draw a new cheque without deducting tds or tell to vendor to collect old cheque
what is the remedy please help me out.
24 May 2012
Since you have made a purchase, TDS is not applicable.
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