Tds
This query is : Resolved
devang babaria
(Querist)
24 December 2012
are VATable invoices liable for TDS???
CA Ayush Agarwal
(Expert)
24 December 2012
Generally Not.
But Tell Me The Principle Bill Name.
After That Only One Can Confirm You.
But Tell Me The Principle Bill Name.
After That Only One Can Confirm You.
devang babaria
(Querist)
24 December 2012
its a hire purchase transaction.
supplier issues invoices for each installment + vat amt.
supplier issues invoices for each installment + vat amt.
CA Ayush Agarwal
(Expert)
24 December 2012
No, In This Case TDS Not Require to Deduct.
and on Installment VAT is not Liable.
Can You Specify Asset Name, and Nature of Transaction
and on Installment VAT is not Liable.
Can You Specify Asset Name, and Nature of Transaction
Message likes :
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25 December 2012
Dear Friends, TDS is not payable on VAT invoices except in case of work contracts. Thanks
CA Ayush Agarwal
(Expert)
25 December 2012
In Your Case, TDS is Liable If there is Any Rent Agreement (May be in Form of Lease Agreement)
devang babaria
(Querist)
26 December 2012
machine is purchased on hire purchase system
CA Ayush Agarwal
(Expert)
26 December 2012
No, In This Case TDS Not Liable
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