TDS on Contract
This query is : Resolved
CA.Aman Dugar
(Querist)
16 May 2008
A company regularily purchase stationery items like CDs, toner cartridge etc. from a single shop. Whether the company is liable to deduct TDS on the above???
CA Hemant T Dewani
(Expert)
16 May 2008
you are purchasing goods from dealers & not given any contract it is your purchases so tds is not to be deducted
16 May 2008
WHERE IT IS A PURCHASE OF GOODS /MERCHANDISE, VAT IS ATTRACTED . BUT THERE IS NO TDS APPLICABILITY.
CONTRACTS WHICH ARE IN THE NATURE OF A SERVICE FALLING UNDER THE PURVIEW OF SEC 192 TO 196 OF INCOME TAX ACT ATTRACT TDS.
R.V.RAO
CONTRACTS WHICH ARE IN THE NATURE OF A SERVICE FALLING UNDER THE PURVIEW OF SEC 192 TO 196 OF INCOME TAX ACT ATTRACT TDS.
R.V.RAO
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- RCM and same line
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
