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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2843)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
if we are purchase in 4% vat tax than can we deduct tds
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
no tds will not to be deducted becoz tds only deducted on
job work not on the purchase....
 
Is This Answer Correct ?    108 Yes 18 No
Ajay
 
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 ?    70 Yes 28 No
Bharat K
 
 
 
Answer
# 3
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 ?    38 Yes 8 No
Pramodh
 
Answer
# 4
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 ?    38 Yes 12 No
Ravipolina
 
Answer
# 5
No

Vat charged on those bill which we had purchase

& TDS not deducted on purchase material
 
Is This Answer Correct ?    31 Yes 9 No
Bharat K
 
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 ?    26 Yes 9 No
Raj98801
 
Answer
# 7
As far as I know,VAT is charged on purchase of material but
if it includes labour job(although VAT is charged in
Invoice)TDS will be deducted

Example:

if i have done some printing work & they issue a bill of
printing with including Vat so we should deduct TDS.
 
Is This Answer Correct ?    19 Yes 5 No
A
 
Answer
# 8
TDS will be deducted for the labour/service portion not for
the material portion....whatever the vat rate may be.

If Invoice clearly says that bill amount is for the purpose
of materials no TDS will be deducted.
 
Is This Answer Correct ?    12 Yes 1 No
Geetha N
 
Answer
# 9
No TDS Deduct only Vat tax deduct @4%. 
Is This Answer Correct ?    14 Yes 6 No
Ravindra Kumar
 
Answer
# 10
Basic to know the nature of service rendered against the
invoice , If break up of material and labour is shown in
the invoice than TDS is applicable only on labour , if
breakup is not shown TDS to be deducted on bill value.

VAT is charged by Vendor as the material involved for
finishing required service involves material which he has
purchased by paying VAT
 
Is This Answer Correct ?    9 Yes 2 No
Sreenath
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
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WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL   2
how to calculate tds on professional fees, salary and services   3
what is WCT? DHL 4
what is excise return form ?   3
If purchaser receive 4 nos Invoice from seller agnst Inter State Purchase in One Quarter and By mistake Purchaser issued one Form C in One Quarter only for 3 Invoice. Can he (Purchaser) issue another Form C for rest 4th Invoice or not???   3
What is the depriciation charged on animals such as elephants,dogs etc? KPMG 1
what's the rate of cst applicable on computer items.   1
What happen if employer not deduct t.d.s. on salary paid upto December? TATA 1
What is Sale in Transit Transaction and what are the forms issued and get form parties ? Ernst-Young 2
SIR, I HAVE SOLD GOODS FORM FARIDABAD TO MUMBAI ON 2007 AND PARTY HAS PAID MY INVOICE VALUE AND NOW WE ASK FOR C FORM , THEY IGROGE TO PROVIDE C FORM AND SAY WE HAVE PAY YOU YOUR INVOICE AMOUNT. SO HOW MUCH PANELTY AMOUNT SHOULD SALESTAX DEPARTMENT WILL CHARGES FROM US IF NOT PROVIDE C FORM. PATY ALSO SAY TO TEL US PANELY AMOUNT ? THEN THEY CAN GIVE PANALTY AMOUNT BUT NOT C FORM ? please reply soon   3
Sir, An Awarder make part payment to the Contractor after deducting retention money @5%. The retention money will be paid to the contractor when the contract work is fully completed. Here my question is,when the Awarder has to deduct tax on retention money, at the time of deducting the retention money or at the time of payment of retention money when the contract is completed? Here "Tax" means Income Tax, VAT, Service Tax etc. Please reply Thanking You   2
 
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