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
- 8860 Views
- Bajaj, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Your company has purchased an asset. It does not come under
TDS purview. So need not deduct any tax from the money payable.
| Is This Answer Correct ? | 15 Yes | 2 No |
Post New Answer View All Answers
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
what is deemed sales? how to calculated
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
What are the various forms used for VAT?
While depositing cash at any bank above then Rs 50K, we need to provide PAN Card or we have to fill form 60, but tell me why a person needs to sign FORM 60 if he is paying installments of >50K of Loan availed by him/her earlier? As if he is repaying Loan, not depositing in his A/c?
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
what is excise return, what is form requirement and what is procedure for excise return?
Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?
why charges PURCHASE @ 15 % TAX RATE ?
what are the slab rate for F Y 2010-11
come'?
