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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

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.

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