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For what do we calculate the VAT and TDS which is for 
Customers & which is for Vendors?
please reply soon
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
# 1
VAT is applicable for purchanse and sales
TDS is applicable on salaries,rent,interest,interest on
securities and bank,puzzles,loteries,horse rases.
Is This Answer Correct ?    10 Yes 0 No
# 2
I am fully agreed with mr. Sirdhar Ans.
Vat is applicable on both purchase and sales
TDS is applicable on payment to Job Worker, Salary, Rent,
interest on securities, interest income other than
securities, Payment to contractors, insurance commission,
professional/technical services and payment ot Foreign
national etc.
Is This Answer Correct ?    5 Yes 0 No
Ramesh Mehla
# 3
I am asking
Is VAT applicable for Customer/Vandors,Similarly
TDS is Applicable for Vendors/Customers.
that's all
Is This Answer Correct ?    2 Yes 2 No
# 4
please find me the answer for the purpose of calculating the
Is This Answer Correct ?    0 Yes 0 No
# 5
Is This Answer Correct ?    2 Yes 5 No

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For more FI CO Interview Questions Click Here 

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