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
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