vatreceivable
This query is : Resolved
10 January 2009
can tds be deducted on purchase of material and can we account on current assetside tds receivable
C A GROUP COACHING
(Expert)
10 January 2009
Purchase of whom ? your Purchase or your sales,
If you are the purchaser then you will deduct & deposit but if your party has deducted your TDS you can adjust it against your VAT payable & if it is on a/c of I T then agst IT
If you are the purchaser then you will deduct & deposit but if your party has deducted your TDS you can adjust it against your VAT payable & if it is on a/c of I T then agst IT
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