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TDS and VAT

rani (article assistent) (53 Points)

13 December 2008

If there is a sale of accounting books by printing the company's as it is prescribed and VAT is leavied by the vendor.As per 194c if there is any work on user specifications it will come under contractand deduct TDS.my doubt is both TDS and VAT simulataniously applicable or not..

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8 Replies

Vijay Kumar.B (A learner) (185 Points)
Replied 14 December 2008

Yes, they can be levied simultaneously as VAT is levied on the sale of goods whereas TDS is levied on the income of an assessee prior to the assessment. Hence, they can be.

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Aditya Jain (Final (New) November 2011) (763 Points)
Replied 14 December 2008

Yes, they can be levied simultaneously as VAT is levied on the sale of goods whereas TDS is levied on the income of an assessee prior to the assessment.

anshu gupta (CA) (25 Points)
Replied 15 December 2008

yes both can be levied as VAT n TDS are different laws.....vat is applicable on sale of goods and tds is applicable on " any sum paid" SO tds is deducted on whole amount including VAT.

KISHOR D ADHIA (Accountant) (74 Points)
Replied 15 December 2008

I WANT TO KNOW WHETHER TDS IS TO BE DEDUCTED AND PAY IN THE FOLLOWING CASE

1 MY CLIENT IS A RECRUITING AGENT SENDING PEOPLE OUT OF INDIA FOR JOBS IN THAT CASE HE GETS THE CANDIDATES INSURED DURING TRAVEL THE INSURANCE POLICY LASTS FOR 2 YEARS. BUT GETS INSURED THROUGH SOME AGENT HE JUST GIVES RECEIPT OF THE PAYMENT. IN THIS CASE IS MY CLIENT SUPPOSED TO CUT TDS AND PAY ON THE INSURANCE AMOUNT PAID TO THE AGENT ? IF YES, HOW MUCH.

PLEASE REPLY IMMEDIATELY

kdadhia @ yahoo.co.in

k d adhia

KISHOR D ADHIA (Accountant) (74 Points)
Replied 15 December 2008

Originally posted by :kishorkumar d adhia
"	I WANT TO KNOW WHETHER TDS IS TO BE DEDUCTED AND PAY IN THE FOLLOWING CASE 1 MY CLIENT IS A RECRUITING AGENT SENDING PEOPLE OUT OF INDIA FOR JOBS IN THAT CASE HE GETS THE CANDIDATES INSURED DURING TRAVEL THE INSURANCE POLICY LASTS FOR 2 YEARS. BUT GETS INSURED THROUGH SOME AGENT HE JUST GIVES RECEIPT OF THE PAYMENT. IN THIS CASE IS MY CLIENT SUPPOSED TO CUT TDS AND PAY ON THE INSURANCE AMOUNT PAID TO THE AGENT ? IF YES, HOW MUCH. PLEASE REPLY IMMEDIATELY kdadhia @ yahoo.co.in k d adhia	"