Tds on paymet for purchase of assets
This query is : Resolved
Arul Kumar
(Querist)
22 March 2012
Dear Experts,
M/s X is providing us computer maintenance services for which we pay them after deducting TDS @ 2%. We have now purchased Computer (Asset) from the same party.
My query is whether we should deduct TDS on such payment against purchase of Asset from the same party? The Asset invoice also contains VAT element.
Thanking you,
Regards,
Arul
M/s X is providing us computer maintenance services for which we pay them after deducting TDS @ 2%. We have now purchased Computer (Asset) from the same party.
My query is whether we should deduct TDS on such payment against purchase of Asset from the same party? The Asset invoice also contains VAT element.
Thanking you,
Regards,
Arul
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2012
No TDS on purchase / sale of goods..
Dintakurthi Tirumala
(Expert)
22 March 2012
For the purchases and sales TDS would not attract. TDS deductable would be depend on the nature of payment but not link to the pary with more transactions and payments.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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