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TDS ON PURCHASE OF FUEL

saravanan (accountant) (111 Points)

31 March 2009

DEAR ALL,

WE ARE PURCHASING FUEL FORM RAM AGENCY AROUND RS. 1,50,000- P.M. WE HAVE NO CONTRACT AGREEMENT TO RAM AGECNY. WE HAVE TO DEDUCT TDS OR NOT PLS GUIDE ME.

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7 Replies

deepak K Gujrati (CA-practice) (966 Points)
Replied 01 April 2009

TDS is not required to be deducted on purchase of any material.

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C.A. M.Com. Suhas A. Nagpure (CA) (1175 Points)
Replied 02 April 2009

TDS will not be deducted in above transaction.

Rajhans Jain (Business Manager) (29 Points)
Replied 02 April 2009

Originally posted by :Suhas A. Nagpure
"	TDS will not be deducted in above transaction.	"

In books & manuals it is written where the tax will be deducted, how to find where it will not be deducted ?

CA JAIMIN TRIVEDI (C.A.) (308 Points)
Replied 02 April 2009

Agree with Mr. Gujrati

Pranay Shukla (CA) (52 Points)
Replied 02 April 2009

TDS is deductible on contract for work and not on contract for sale. In your case it is contract for sale, so TDS is not deductible.

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CA Karun Gupta (Practicing Chartered Accountant) (312 Points)
Replied 03 April 2009

Yes, TDS is not deductible as pranav shukla rightly said that TDS is deductible on contract for work and not on contract for sale.

SUMAN BRAHMA (2 Points)
Replied 08 December 2022

State govt. offices usually purchase fuel(for govt. vehicle) from local Petrol Pumps. The petrol pumps submit bills to govt. office for payment. Now, whether TDS on those fuel bills should be deducted by the DDO of the govt office ? Please explain with reasons for deducting or not deducting of TDS mentioning govt. order .