Is TDS applicable on import of rawmaterials? IF no, under what reasons?
2 Replies
Jai Joseph
(Industry)
(88 Points)
Replied 28 March 2014
Since it is purchasetransaction TDSnot applicable
Vikas
(Practicing Chartered Acountant)
(79 Points)
Replied 29 March 2014
Import of raw material is not liable for tds as it is purchase of Goods
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