HELLO FRIENDS, CAN ANYBODY TELL ME WHETHER THERE IS ANY TDS LIABILITY ON THE IMPORT OF MACHINERY. IF YES UNDER WHICH SEC
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TDS
Replies (6)
DEAR SAGAR,
TDS IS NOT APPLICABLE ON PURCHASES WHETHER DOMESTIC OR IMPORTS........
i am agree with amir.because in my knowledge tds is applicable only at the time of payment of income. so no tds is applicable
TDS Not applicable
No deduction
friends explain it clearly with relevant section.....
TDS not applicable since transaction of purchase of machinery is not covered by any of the sections of TDS. Further to b specific its not a contract
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