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Tds

This query is : Resolved 
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(Querist)
31 May 2013 Should TDS be deducted when contract purchase is made.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 May 2013 No TDS deduction required on payments made for Purchase as per contract.
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shiva

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shiva (Querist)
31 May 2013 Wat if no contract exist but still purchase is made on regular basis
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 May 2013 Even then TDS deduction is not required. TDS is not applicable on purchase transactions.
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