TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2010
1) Why TDS is not deducted in case of purchases made from a party?
2) On what concept TDS is deducted (i.e. only which forms part of income to a person has to be deducted means why purchases made from X ltd. (i.e. sales to X ltd.) TDS is not attracted?
2) On what concept TDS is deducted (i.e. only which forms part of income to a person has to be deducted means why purchases made from X ltd. (i.e. sales to X ltd.) TDS is not attracted?
CMA Ramesh Krishnan
(Expert)
06 May 2010
Generally the Material purchase total payment is not income nature to the Seller becasue he need to purchase from some one and sell and also TDS is covered only the Service nature payments
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