TDS deductions
This query is : Resolved
02 August 2010
Dear all,
can a trader deduct tax on puchase of raw materrials from his suppiers? and second is: can also deduct tds on purchase of softwares which are in capital nature like a tally erp for his working and make a websites?
can a trader deduct tax on puchase of raw materrials from his suppiers? and second is: can also deduct tds on purchase of softwares which are in capital nature like a tally erp for his working and make a websites?
02 August 2010
Both the purchase of materials and software not attract TDS
Both the purchase of materials and software not attract TDS
02 August 2010
TDS not applicable on Purchase transactions.
02 August 2010
AGREE
02 August 2010
Purchase of material will not attract Any TDS
Reason
Direct expense
Software also No TDS will be attracted
Reason
Capital expenditure or Asset
Reason
Direct expense
Software also No TDS will be attracted
Reason
Capital expenditure or Asset
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
