About tds
This query is : Resolved
21 April 2016
I AM HANDLING BUILDER ACCOUNTS ....THERE USED TO ASK WATER TANKER .. ITS COST AROUND 1000/- PER TANKER,.. ITS COME REGULARLY EVERY DAY..
IS THERE COMPULSORY TO DEDUCT TDS ON IT...
IS THERE COMPULSORY TO DEDUCT TDS ON IT...
21 April 2016
tds is not applicable on supply of material . tds applicable on services.
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22 April 2016
I understand that you are just buying water supplier in tanker lorry . If my understanding is correct then no need to deduct TDS , it is only a purchase .
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22 April 2016
THERE ARE TRANSPORT ALSO AND ITS LIKELY TO BE SERVICES.. SO NEED TO DEDUCT TDS OR NOT
22 April 2016
you are buying water . it is simple . The price is assumed to be CIF i.e cost includes insurance and fright hence no need to deduct tax . or if you are arranging transport and paying separately for transport then TDS applicable only on transportation charges and water is purchase TDS is not applicable .
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