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TDS deductions

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(Querist)
02 August 2010 Dear all,
can a trader deduct tax on puchase of raw materrials from his suppiers? and second is: can also deduct tds on purchase of softwares which are in capital nature like a tally erp for his working and make a websites?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 August 2010
Both the purchase of materials and software not attract TDS
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 August 2010 TDS not applicable on Purchase transactions.
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sachin alwadhi

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sachin alwadhi (Expert)
02 August 2010 AGREE
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
02 August 2010 Purchase of material will not attract Any TDS

Reason

Direct expense

Software also No TDS will be attracted

Reason

Capital expenditure or Asset

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