hi,
Please someone clarify TDS deduction on unsellable item (purchase), for example we purchase a item include paying VAT that can not be sold to anyone i.e. unsellable. it is comes under tds deduction liability. please clarify it.
Thanks
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TDS on Purchase (unsellable item)
Replies (1)
PURCHASE OF ITEMS/GOODS WOULD NOT COME UNDER ANY PROVISIONS OF TDS. THUS, NO TDS APPLICABLE ON THE PURCHASE OF GOODS/ITEMS.
REGARDS,
MANOJ
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