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Tds

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(Querist)
24 December 2012 are VATable invoices liable for TDS???
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
24 December 2012 Generally Not.
But Tell Me The Principle Bill Name.
After That Only One Can Confirm You.
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devang babaria

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devang babaria (Querist)
24 December 2012 its a hire purchase transaction.
supplier issues invoices for each installment + vat amt.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
24 December 2012 No, In This Case TDS Not Require to Deduct.
and on Installment VAT is not Liable.

Can You Specify Asset Name, and Nature of Transaction
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CS, Deepak Pratap Singh

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CS, Deepak Pratap Singh (Expert)
25 December 2012 Dear Friends, TDS is not payable on VAT invoices except in case of work contracts. Thanks
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
25 December 2012 In Your Case, TDS is Liable If there is Any Rent Agreement (May be in Form of Lease Agreement)
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devang babaria

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devang babaria (Querist)
26 December 2012 machine is purchased on hire purchase system
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
26 December 2012 No, In This Case TDS Not Liable
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