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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 Posted / 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 |
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