28 March 2008
If a manufacturing co sells goods does other Buyer need to deduct TDS includiong Excise duty and Other Taxes ? I mean IN service Industry we Deduct TDS including service tax so do we need to deduct TDS Same Way ?
28 March 2008
YES TDS DEDUCTIBLE AFTER ADDING ALL DIRECT OR INDIRECT TAXES. BUT A MANUFACTURER SELLS GOODS AFTER ADDING EXCISE DUTY AND SALES TAX,BUT WHERE IS THE NEED FOR HIM TO DEDUCT TDS. PL.STATE IN WHAT CONTEXT TDS IS DEDUCTED IN A CASE WHERE EXCISE IS ADDED TO BASIC PRICE OF GOODS. R.V.RAO
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