if we are purchase in 4% vat tax than can we deduct tds

Answer Posted / pramodh

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 ?    49 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

1736


THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?

1785


What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.

1779


What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)

1500


How to show reject material in ER1

1244






what Is the ITc Claimed. how to utilized the ITC.

1583


Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???

1981


What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric

1754


please share fy 2017-18 salary tds auto matic excel utility

996


what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?

1481


If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.

1470


Rules for filling Income Tax return for a MNC?

1635


What do u mean by sales tax and who are sales tax practitioner ?

1900


I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

1567


vat return dates for uttrakhand

2180