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Tds on goods

Kushal Khator ( CA ) (562 Points)

12 December 2015  
Hi I wanted to know d reason 1. Why Tds is not deduct ed on goods.Any specific section/amendment in IT act. 2. Accounting treatment between Provision of ITax act, Income tax paid, Advance Tax and Self Assessment Tax in books every month in case of company. Thanks

 2 Replies

jaya krishna (Chartered Accountant) (262 Points)
Replied 12 December 2015

goods are sold, purchased during the regular course of business every sale,purchase deduct the TDS difficult to business persons.obtaining details about customer every  sale,purchase impossible. 

Kushal Khator ( CA ) (562 Points)
Replied 06 January 2016

Thanks for the update

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