Can any one please explain me regarding TDs on excise duty
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DEAR SWATHY
EXCISE DUTY IS ON PRODUCTS MANUFACTURED OR PRODUCED. TDS IS ON THE INCOME OF A PERSON OR FIRM.
PRODUCTS ARE FOR USE OR RE SALE AND HENCE SALES TAX IS ATTRACTED , BUT NO TDS IS
APPLICABLE. IN SHORT WHERE THERE IS EXCISE DUTY AND SALES TAX IS CHARGED THERE WILL NOT BE ANY TDS (TAX DEDUCTION AT SOURCE)
HOPE IT IS CLEAR NOW
REGARDS
VENUGOPAL
| Originally posted by : VENUGOPALAKRISHNAN P K | ||
 |
DEAR SWATHY EXCISE DUTY IS ON PRODUCTS MANUFACTURED OR PRODUCED. TDS IS ON THE INCOME OF A PERSON OR FIRM. PRODUCTS ARE FOR USE OR RE SALE AND HENCE SALES TAX IS ATTRACTED , BUT NO TDS IS APPLICABLE. IN SHORT WHERE THERE IS EXCISE DUTY AND SALES TAX IS CHARGED THERE WILL NOT BE ANY TDS (TAX DEDUCTION AT SOURCE) HOPE IT IS CLEAR NOW REGARDS VENUGOPAL |
 |
Thank u
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