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 ??????
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.
CAclubindia
