Tds for purchase order
This query is : Resolved
28 June 2014
Sir,
I am working in a government department. We collect quotation from different vendors for purchase of items and issue a purchase order for lowest quoted vendor. We will not supply any raw materials to him. He sends the goods as per our requirement and submits a bill including VAT. Now, while making payment whether we have to deduct TDS? If yes, under which section and what is the TDS rate? Please clarify.
Thank you.
I am working in a government department. We collect quotation from different vendors for purchase of items and issue a purchase order for lowest quoted vendor. We will not supply any raw materials to him. He sends the goods as per our requirement and submits a bill including VAT. Now, while making payment whether we have to deduct TDS? If yes, under which section and what is the TDS rate? Please clarify.
Thank you.
Ganeshbabu K
(Expert)
29 June 2014
No TDS Applicable on Purchase transactions
Rupesh Jain
(Expert)
30 June 2014
no tds will applicable on purchase.
30 June 2014
on purchases there is no tds.
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