For what do we calculate the VAT and TDS which is for Customers & which is

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For what do we calculate the VAT and TDS which is for
Customers & which is for Vendors?
please reply soon

Question Posted / shekar

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For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? pleas..

Answer / sridhar

VAT is applicable for purchanse and sales
TDS is applicable on salaries,rent,interest,interest on
securities and bank,puzzles,loteries,horse rases.

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For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? pleas..

Answer / ramesh mehla

I am fully agreed with mr. Sirdhar Ans.
Vat is applicable on both purchase and sales
TDS is applicable on payment to Job Worker, Salary, Rent,
interest on securities, interest income other than
securities, Payment to contractors, insurance commission,
professional/technical services and payment ot Foreign
national etc.

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5 Yes

0 No

For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? pleas..

Answer / c.sathathulla

please find me the answer for the purpose of calculating the
tds?

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For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? pleas..

Answer / shekar

I am asking
Is VAT applicable for Customer/Vandors,Similarly
TDS is Applicable for Vendors/Customers.
that's all

Is This Answer Correct ?

2 Yes

3 No

For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? pleas..

Answer / anupam

U HAVE SEPRTLY CREATE THE GL FOR VAT AND TDS FOR YOUR
CUSTOMER AND VENDOR AND MAINTAIN SEPRETLY

Is This Answer Correct ?

2 Yes

5 No

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