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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
if we are purchase in 4% vat tax than can we deduct tds
 Question Submitted By :: Anand
I also faced this Question!!     Rank Answer Posted By  
 
  Re: if we are purchase in 4% vat tax than can we deduct tds
Answer
# 1
no tds will not to be deducted becoz tds only deducted on 
job work not on the purchase....
 
Is This Answer Correct ?    18 Yes 4 No
Ajay
 
  Re: if we are purchase in 4% vat tax than can we deduct tds
Answer
# 2
can we deduct tds on any types of Vat bill ?

 if i have done some printing work
 & they issue a bill of printing with including Vat 

 so what can i deduct TDS ?
 
Is This Answer Correct ?    9 Yes 4 No
Bharat K
 
 
 
  Re: if we are purchase in 4% vat tax than can we deduct tds
Answer
# 3
no t.d.s cannot be deducted on 4% vat tax as the t.d.s 
could be deductable from job work
 
Is This Answer Correct ?    4 Yes 3 No
Ravipolina
 
  Re: if we are purchase in 4% vat tax than can we deduct tds
Answer
# 4
No 

 Vat charged on those bill which we had purchase

 & TDS not deducted on purchase material
 
Is This Answer Correct ?    3 Yes 2 No
Bharat K
 
  Re: if we are purchase in 4% vat tax than can we deduct tds
Answer
# 5
no
tds can not be deducted while making payment for purchases, 
tds will be deducted only on job works, for example: while 
making payment to contractors, sub contractors, payments 
for proffesional and technical services, while paying 
interest and rents, commisions, salaries etc,
 
Is This Answer Correct ?    6 Yes 1 No
Pramodh
 
  Re: if we are purchase in 4% vat tax than can we deduct tds
Answer
# 6
TDS will not be applicable for VAT imposed invoice/bill. 
TDS will be applicable other than VAT charged in the 
invoice for ex. Service Tax.
 
Is This Answer Correct ?    1 Yes 1 No
Raj98801
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what is the working capital  5
TDS Form for salary whose salary less than 150000/- TCS3
Which form we use for depositing TCS?  3
How we will learn Sales Tax, VAT quickly?  1
What is the vat percentage for construction company  1
What is WCT TDS? who is liable to deduct the WCT TDS? Apex5
We have received Bills of Aug-2008 for contract charges. I have passed the bills in Dec-2008. So, we will pay intrest on tds or not?  1
what is form 'H'? and why its used in Manufacturing Industry?  2
What is the difference between fund flow and cash flow for a company?  1
What is the diff between Comercial tax and sales tax?  1
What is MAT ? Britannia2
if we have amc any vendor 30,000 pa. should we deduct TDS TCS8
what is the difference between real expense and operating expense?  1
What is the present rate of T.D.S and what is the tax for person salary at present Net-Edge7
What is the difference between income year, financial year and FBT year? Accenture6
what is meaning the central excise duties  8
is provision for bad and doubtful debts an operating cost?  1
what is the difference between tcs and tds explaine? Visa-Steel1
If any person or company received the service tax amount from client and he purchase a construction equipment / commercial vehicle , than can he adjusted service tax amount which payable by him agnst excise duty of construction equipment / commercial vehicle as per following condition:- 1. if company involve in only construction activity. 2. If company involve in construction and manufacturing activity both.  1
what is the date of payment of tds of last month (March)& date of filing of last qtr.  1
 
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