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.
29 June 2014
No TDS Applicable on Purchase transactions
30 June 2014
no tds will applicable on purchase.
30 June 2014
on purchases there is no tds.
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