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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2813)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
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 ?    106 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 ?    66 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
 

 
 
 
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AT WHAT LIMIT PAYMENT CAN BE MADE AT A TIME TO PROFESSIONAL AND CONTRACTOR , WITHOUT DEDUCTION OF T.D.S. D.K.SONI   1
We are purchaseing one machine on duty of payment ( Capital Goods) in the staring of the month financial year 2009-10 at the time of purchase of machine we are not registered with the excise department. But my company registred with the excise department end of the same financial year What can we are taken cenvat credit on capital goods in the year 100% of 50% pls. given the comments or explain me all excise exparts.   3
what is the difference between banker cheque and cheque? Apex 6
WHAT IS CST   6
How cess should be calculated. Is it calculated on assessable value of the product or on the sum of assessable value & BED.   1
Dear Sir please give the answar for the following question. What is the CST rate, if C form is fail to file after issued final Assessment Order. Because our commidity is @ 4%. But in the assessment order they are demanding @12.5% tax to which c forms are not submitted. for this issue what is the rate applicable.   1
applicability of vat and applicability of cst in karnataka   2
What are the benefits to an Employee to deduct TDS from his Salary ?   3
I am working with a partner ship firm. Their are six brances in other State. Our one branch(Haryana State) sale raw material to a customer(In Haryana)and charged all tax like excise & VAT. And purchase finished goods from the same customer for other branch in Uttarakhand. What should uttarakhand branch deduct TDS for these purchase amount. If yes, then pls send us notification nos.& TDS Section.   1
How can I calculate TDS AND FBT tax for a Travel Company? Travel-Plan 2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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