Tds
This query is : Resolved
20 October 2015
At our Club, we are purchasing gift items to be distributed among ourselves. Purchase is from a retail vendor and the amount payable shall be around 60,000/- Is it necessary to deduct TDS? And if so, what is the rate and section (294-c?)
20 October 2015
TDS provision not applicable. TDS not required to be deducted on purchase transactions.
CA AnKiT BoHrA (AB)
(Expert)
20 October 2015
Tds not applicable on purchase
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