Tss

TDS 781 views 3 replies

student pcc

584 Points Joined December 2009

Can any one please explain me regarding TDs on excise duty

Replies (3)

ACCOUNTS OFFICER

33 Points Joined December 2011

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

B.Com CA Final CS

5270 Points Joined September 2009

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