TDS Deducted on Supply and installation of UPS
This query is : Resolved
07 August 2008
Dear sir,
We have placed a purchase order of UPS to a vendor in which the conditions are :
1.Excise Duty @ 16.48% & VAT @ 4%
2.Payment : 30% against PO , 60% against Delivery & 10% against installation.
My question is whether the TDS should be deducted on the same or not ?
Kindly help asap .
And supporting circular would be of great help.
Thank's in advance.....
We have placed a purchase order of UPS to a vendor in which the conditions are :
1.Excise Duty @ 16.48% & VAT @ 4%
2.Payment : 30% against PO , 60% against Delivery & 10% against installation.
My question is whether the TDS should be deducted on the same or not ?
Kindly help asap .
And supporting circular would be of great help.
Thank's in advance.....
07 August 2008
No TDS provision will not be applicable on the purchase of UPS as it is pure purchase of material. For reference you can check tds provision for details.
08 August 2008
if you have works contract agreement then only TDS is applicable.
08 August 2008
This is purely a purchase transaction and tax at source is not deductible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Plot of land. Cost of Acquisition
- Taxation on LTCG for property sold after 24JUL2024
- REGARDING GST LIABILITY/....
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
