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TDS IN GOODS PURCHASE BILL

This query is : Resolved 

07 January 2022 As goods purchased from supplier on that tds under 194q applicable but freight is disclosed in invoice as per accounting freight is included in cost goods but freight disclosed seperately then tds under 194q to be deducted on total of value including freight ????

07 January 2022 No. Only over goods value, excluding freight.

07 January 2022 Can you explain me sir why as it is included in cost of goods why not to do tds

07 January 2022 As such freight is excluded from the the cost of goods, as it is treated as expense.
While the TDS is to be deducted only on the cost of goods.


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