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
1 Replies
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 22 September 2010
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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