TDS
This query is : Resolved
30 October 2009
DEAR SIR,
IF MY FACTORY TAKEN MATERIEL FROM MY CUSTOMER ( MATERIAL RECEIVED AGAINST PURCHASE INVOICE WITH DUTY & TAXES ) AND THEN ADDING NER PART ( OR WITH ASSEMBLE IT ) WITH THAT MATERIAL , WE SEND IT BACK TO CUSTOMER WITH EXCISE INVOICE.
IN THIS CASE , IS THERE NECESSARY TO DEDUCT TDS FROM CUSTOMER ??????
VIJAY
IF MY FACTORY TAKEN MATERIEL FROM MY CUSTOMER ( MATERIAL RECEIVED AGAINST PURCHASE INVOICE WITH DUTY & TAXES ) AND THEN ADDING NER PART ( OR WITH ASSEMBLE IT ) WITH THAT MATERIAL , WE SEND IT BACK TO CUSTOMER WITH EXCISE INVOICE.
IN THIS CASE , IS THERE NECESSARY TO DEDUCT TDS FROM CUSTOMER ??????
VIJAY
30 October 2009
No need of TDS
30 October 2009
Its kind of Jobwork process as per excise act under rule 57F, also note this is a sale proceeds for you. TDS is required to deduct on the expenses which will be dr. to profit & loss account.
Purchase of material is out of the scope of the TDS.
Purchase of material is out of the scope of the TDS.
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