Tds

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devang babaria

devang babaria (Querist)
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24 December 2012 are VATable invoices liable for TDS???

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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24 December 2012 Generally Not.
But Tell Me The Principle Bill Name.
After That Only One Can Confirm You.

devang babaria

devang babaria (Querist)
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24 December 2012 its a hire purchase transaction.
supplier issues invoices for each installment + vat amt.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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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

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CS, Deepak Pratap Singh

CS, Deepak Pratap Singh (Expert)
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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

CA Ayush Agarwal (Expert)
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25 December 2012 In Your Case, TDS is Liable If there is Any Rent Agreement (May be in Form of Lease Agreement)

devang babaria

devang babaria (Querist)
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26 December 2012 machine is purchased on hire purchase system

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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26 December 2012 No, In This Case TDS Not Liable

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