We are Pvt ltd co in Mumbai. We are having some renovation work in our office. for that we have purchased wood material and made payment as follows:
24.10.2013 - 125074/- paid to supplier by cheque
18.11.2013 - 38023 /- paid to supplier by cheque
and I have received one more invoice of Rs.53426/-
So Should I have deduct TDS on above transaction. If I deduct TDS now then there will be late payment fees. How can I avoid late payment fees?
TDS will not apply because you are purchasing goods.
| Originally posted by : Mihir | ||
 |
TDS will not apply because you are purchasing goods. |
 |
tds not applicable on purchase of wood(material)
There is no tds on any purchase.
Gowra Ventures Pvt Ltd
Hyderabad
CA
View Details
CCI
Pro
CAclubindia
