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Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a
person, When at the time of Payment We deduct TDS or Not?
Note: There is No Agreement or Contract with them
I need the Help.
Regards
Sakthi
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Answer / h.r. sreepada bhagi
Your company has purchased an asset. It does not come under
TDS purview. So need not deduct any tax from the money payable.
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / aman
U DID NOT DEDUCTED TDS ON PURCHASE .ITS DEDUCTED ONLY ON
EXPENSES, YOU GET ONLY INPUTVAT ON CAPITAL GOODS.IF YOU
REGESTERED IN VAT.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / suman rawat
I agree with Sreepanda, That is your Company Fix Assets.not
expenditure.
| Is This Answer Correct ? | 2 Yes | 0 No |
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