Some services on contract basis

Marimuthu (Manager) (525 Points)

28 December 2022  
Dear Experts,

If a company avails the service as well as the purchase from the same supplier, what will be the TDS implications on this transactions.


Example:

A Pvt Limited is availing some services on contract basis from Z Pvt Ltd for the amount of Rs 150000.00.

Also this A Pvt Ltd is purchasing the some goods from the same supplier Z Pvt Ltd for the amount of Rs 27,00,000.00

The Query as follows:

1. Whether A Pvt Limited is having responsibility to deduct the TDS on Rs 1,50,000.00.