Payment made by party after tds dedcution
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2015
Dear Expert,
My Query is that
My Company is EOU Unit and one Raw Material purchase from A Ltd ( EOU Unit ) and other Raw Material purchase from many Party. after that we sell Finished Goods Sell to A Ltd, after that A Ltd make payment after purchase and TDS deduction.
is this right Exercise ? if yes then under which section comes.
My Query is that
My Company is EOU Unit and one Raw Material purchase from A Ltd ( EOU Unit ) and other Raw Material purchase from many Party. after that we sell Finished Goods Sell to A Ltd, after that A Ltd make payment after purchase and TDS deduction.
is this right Exercise ? if yes then under which section comes.
09 October 2015
No TDS applicable on sale of finished goods. If it is a job work then TDS applicable.
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