For what do we calculate the VAT and TDS which is for
Customers & which is for Vendors?
please reply soon
Answers were Sorted based on User's Feedback
Answer / sridhar
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 |
Answer / ramesh mehla
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 |
Answer / c.sathathulla
please find me the answer for the purpose of calculating the
tds?
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shekar
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 | 3 No |
Answer / anupam
U HAVE SEPRTLY CREATE THE GL FOR VAT AND TDS FOR YOUR
CUSTOMER AND VENDOR AND MAINTAIN SEPRETLY
Is This Answer Correct ? | 2 Yes | 5 No |
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