Tds deduction on purchase
This query is : Resolved
30 May 2015
WE MADE A PURCHASE OF ADVERTISEMENT & PUBLICITY GOODS FOR OUR COMPANY OF RS. 200000
SO SHOULD WE DEDUCT TDS ON THIS BILL??
SO SHOULD WE DEDUCT TDS ON THIS BILL??
30 May 2015
there is no tds deduction o purchase and sale transactions.
30 May 2015
no tds on purchase and sale transactions
31 May 2015
If appears that the company is not dealing in advertising material. Material has been purchased for use as advertising material. If the name of the company is printed on the material purchased, then it becomes contract and TDS should be deducted. The simple test is whether the material can be used by the company only or any person. If the name of the company is printed, then only company can use it and TDS should be deducted on the payment.
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