Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a
person, When at the time of Payment We deduct TDS or Not?
Note: There is No Agreement or Contract with them
I need the Help.
Regards
Sakthi
- 5 Answers
- 8905 Views
- Bajaj, I also Faced
- E-Mail Answers
Answer Posted / narsimulu
Yes you are purchased a truck of 1500000 rupees.its ok
U should not diduct the TDS because tds will deduct only on
expenditure not on purchase of fixed assets and not on
goods purchased.
| Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT
how we issue the road permit to seller for receiving the rearing material
what do you mean by cenvat? and in which is liable?
In advance c form dvat why not showing the amount in form verification
what is tax avoiding?
what was the VAT rate on inverters(home ups) in karnataka on 2016??
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
what is the objective of business taxation in private company?
We have got 5 firms. Same partner only running all the firms. Salary is going from one firm. But if we go for PT registration it is asking number of employees. I don't know how to fill the form in online. Any one can help me?
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
What is total income?
interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.
What is excise & service tax?
i am new to this tax system if you don't mine "please help me"
