Tds on sale purchase of goods.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2013
dear sir,
please tell me why tds is not applicable on sale purchase of goods.
please gives answer logically not legally.
please tell me why tds is not applicable on sale purchase of goods.
please gives answer logically not legally.
16 August 2013
Since sale and purchase of goods all sales and purchases are either done over telephone and no specific rates are fixed and therefore it is not a contract in writing to be executed for a longer period and therefore every date the rate changes. In case of a contract the rate will not change till that contract is complete therefore, it is out of the preview of the TDS
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