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.

Answer / narsimulu

Yes you are purchased a truck of 1500000 rupees.its ok
U should not diduct the TDS because tds will deduct only on
expenditure not on purchase of fixed assets and not on
goods purchased.

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.

Answer / suman rawat

I agree with Sreepanda, That is your Company Fix Assets.not
expenditure.

Answer / afthabmayyeri

first answers yes

I've bought goods from other state at 2% for trading. What is the rate, I've to charge for my customers?

1 Answers  

Is t.d.s deducted on Freight including Service Tax ?

8 Answers   ABC,

What is the implication in the subsequent sale to local party for the goods received from other state Non-Presentation of E-1 form : If 'A' of Rajasthan (Supplier) supplies goods directly to 'C' of Gujarat (Consignee) on instruction of 'B' of Gujarat (Buyer). There is no presentation of E-1 form. Question : Can tax be charged in the invoice of sale from 'B' to 'C' ?? If any, what will be charged..VAT or CST?

2 Answers  

what is the meaning of TDS.AND it will be what percentage.who is supposed to pay TDS.

3 Answers  

How much can I save U/S 80D to minimise my Tax Burden

2 Answers  

The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.

0 Answers  

Why Tds is not deducted on service tax amount of rent bill(let out for business purpose).

2 Answers   Mphasis, VNS Accessories,

i am new to this tax system if you don't mine "please help me"

0 Answers  

How can I calculate Depriciation on Fixed AND CURRENT ASSESTS ?

4 Answers   Travel Plan,

If i want to pay less tax,which method of depriciation should be adopted?

4 Answers  

what is cess?

1 Answers  

I have mentioned the buyer as in Kolkata and the consignee's in Jharkhand now the consignee has issued the C Form whether the C Forms is acceptable or not kindly help me

0 Answers