Tds on sale purchase of goods.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2013 dear sir,
please tell me why tds is not applicable on sale purchase of goods.

please gives answer logically not legally.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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16 August 2013 Since sale and purchase of goods all sales and purchases are either done over telephone and no specific rates are fixed and therefore it is not a contract in writing to be executed for a longer period and therefore every date the rate changes. In case of a contract the rate will not change till that contract is complete therefore, it is out of the preview of the TDS