Tds on purchase of medicines
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2015
Dear Sir,
We are Hospital and we purchase medicines from local market as well as from some nearby big stores on monthly basis. We pay them on monthly basis. Our monthly purchase of medical consumables is more than 1 lakh per month. Should we deduct TDS ? if Yes then under which Section or purchases are not eligible for TDS. Please clarify. Thanks in advance.
We are Hospital and we purchase medicines from local market as well as from some nearby big stores on monthly basis. We pay them on monthly basis. Our monthly purchase of medical consumables is more than 1 lakh per month. Should we deduct TDS ? if Yes then under which Section or purchases are not eligible for TDS. Please clarify. Thanks in advance.
19 October 2015
You need not to deduct any tds... TDS not applicable on purchase
19 October 2015
Rightly pointed out Purchase of Medicine does not come within purview of TDS.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Taxability of credit in canara bank ET & T section (NRO)
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Rent claimed on building given on permissive possession basis
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
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
