if vat has been imposed on the bill , still can we deduct TDS on that bill?
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Replies (4)
it depend on bill...but generally if vat is levied..then tds is not deducted...as in case of vat ...it is not a contact..it would be a sale...so no need of tds
other replies are welcome....
In my opinion, if VAT is imposed, it means sale of goods and in case of sale of goods TDS cannot be levied under any section of the Income Tax Act.
But a Valid discussion to clear the general confusion.
Correct me if I am wrong, in any case
In the normal trading activity...TDS would not required to be dedcuted in the bill BUT in Works Contacts Sale TDS is required to be dedcuted in the bill.
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