Tds

This query is : Resolved 

24 December 2012 are VATable invoices liable for TDS???

24 December 2012 Generally Not.
But Tell Me The Principle Bill Name.
After That Only One Can Confirm You.

24 December 2012 its a hire purchase transaction.
supplier issues invoices for each installment + vat amt.

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

25 December 2012 Dear Friends, TDS is not payable on VAT invoices except in case of work contracts. Thanks

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

26 December 2012 machine is purchased on hire purchase system

26 December 2012 No, In This Case TDS Not Liable


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