Tds on advance payment for purchasing raw materials

TDS 990 views 2 replies

Does TDS applicable on Advance Payment to Raw Material vendor for purchasing Goods? 

Many Thanks,

Regards,

Jani.

Replies (2)
Purchase of goods do not attract any section of TDS. Hence tax need not be deducted on advance paid to vendor for purchase of goods
No need...
TDS not applicable for Purchase of Goods...


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