TDS

This query is : Resolved 

30 October 2009 DEAR SIR,

IF MY FACTORY TAKEN MATERIEL FROM MY CUSTOMER ( MATERIAL RECEIVED AGAINST PURCHASE INVOICE WITH DUTY & TAXES ) AND THEN ADDING NER PART ( OR WITH ASSEMBLE IT ) WITH THAT MATERIAL , WE SEND IT BACK TO CUSTOMER WITH EXCISE INVOICE.


IN THIS CASE , IS THERE NECESSARY TO DEDUCT TDS FROM CUSTOMER ??????


VIJAY

30 October 2009 No need of TDS

30 October 2009 Its kind of Jobwork process as per excise act under rule 57F, also note this is a sale proceeds for you. TDS is required to deduct on the expenses which will be dr. to profit & loss account.

Purchase of material is out of the scope of the TDS.


30 October 2009 Thanks



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