What is TDS
Answer Posted / jitendra sahu
TDS (Tax Deducted at Source)
Which is deductiable while making payment to any contractor
for service rendered by an assese(COmpany or firm) any by
Individual assesse (If turnover exceeds 40 lakhs for
business or 10 lakhs for profession in the previous year
immidiately preceeding the financial year).
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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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