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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1898)
 Accounting General interview questions  Accounting General Interview Questions (2808)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
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 ?    105 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 ?    65 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 ?    37 Yes 7 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 ?    36 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 ?    29 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 8 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 1 No
Sreenath
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
how many type of tax form used for sales tax, vat,service tax, excise duty & other tax ? what is the theory of all type of taxes applied in india ?   2
i am proprioter of firm can i use my tan firm & personal   1
what is pf & esic calculation on ctc how much perstange apply from both the side ,employee as well employer we have to deduct the employee and employer % from ctc or employer has to pay the % of employer sepreterlyfrom his own or form employee ctc? Infosys 13
who are liable to be registered under Vat Act   4
what is the size of balance sheet ?   2
What is the Special provision for computing profits and gains of business of civil construction GET-Engineering-Construction 3
if mr.X get 2,00,000.00 per month salary. than how we will calculate his tds. ABB 2
What is the rate of WCT in Haryana.   12
how to make entry vat computation/vat payable refundable in tally 9?   10
How to get refund of Service Tax and it comes under which Department ?   1
What is the VAT on Gold?   6
My client was sold his residencial flat before few days they will not decide investment in another residential flat what can he invest the money without any tax liability? Can he open capital gain account and will he invest in resident plot in future ? what will exact planning?   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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