Certification Course on Practical Filing of Income Tax Returns
Microsoft Excel with AI: Zero to Hero
Can anyone tell me the procedure of deducting TDS on Purchases if VAT is already deducted.
Thanx In advance
TDS will be deducted for the labour/service portion not for the material portion....whatever the vat rate may be. If Invoice clearly says that bill amount is for the purpose of materials no TDS will be deducted.
Your question is not clear.
In purchases VAT is added and not deducted.
There is no TDS on purchase of goods. This is subject to clarification on your question.
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
Shaswat initial support private limited
Ahmedabad
CS
Karan Gupta & Co.
New Delhi
Graduate (Any)
Displayandbeyond
Mumbai
CA
Sri Aurobindo Gnostic Centre of Education
MentorsWorld Ventures Private Limited
Others
SMJ global advisors pvt ltd
B.Com
Rajkumar Jain & Co.
JDS Advisory LLP
CA Inter
India's largest network for finance professionals
Alternatively, you can log in using: