neeraj
(CA)
(930 Points)
Replied 23 May 2012
Darshan Thakkar
(Article Student)
(100 Points)
Replied 23 May 2012
TDS will be deducted for the labour/service portion not for the material portion....whatever the vat rate may be.
If Invoice clearly says that bill amount is for the purpose of materials no TDS will be deducted.
chandra
(student)
(528 Points)
Replied 23 May 2012
Your question is not clear.
In purchases VAT is added and not deducted.
There is no TDS on purchase of goods. This is subject to clarification on your question.
CAclubindia
