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Categories >> Accounting >> Taxation


 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1905)
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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  
# 1
no tds will not to be deducted becoz tds only deducted on
job work not on the purchase....
Is This Answer Correct ?    106 Yes 18 No
# 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 ?    67 Yes 28 No
Bharat K
# 3
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 ?    37 Yes 8 No
# 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 ?    37 Yes 12 No
# 5

Vat charged on those bill which we had purchase

& TDS not deducted on purchase material
Is This Answer Correct ?    29 Yes 9 No
Bharat K
# 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
# 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


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
# 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
# 9
No TDS Deduct only Vat tax deduct @4%. 
Is This Answer Correct ?    14 Yes 6 No
Ravindra Kumar
# 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 1 No

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can previous year be greater than a period of 12 months??   5
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Dear All, My query is related to capital gain on house property. If a pair of husband and wife have four houses in joint name comprising three residential house and last one is commercial property. Now question is that if they sold all property for Rs. 1.00 Crore and took a new residential property for Rs. 1.25 Crore. So are they eligible to full tax exemption u/s 54 and 54 f and they had to not pay any amount of Income tax? And they have also taken a Rs. 25.00 Lacs housing loan to invest the last one. So are they can take deduction u/s 24B and 80C as well? Please note that they have all property in joint name and share is 50% of each. Please guide me for this.   1
what is the rate of tax, when goos purchased from outside the state without way bill   1
For more Taxation Interview Questions Click Here 

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