We are generally give order to the printing company for
printing our uniqe file,calender,sovenour,answer
sheet,envelop etc, when company submite the bill it charge
the bill includes vat@4%, so can we deduct the TDS on total
invoice value or only cost amount (exclude the vat).
Answer Posted / ramesh iyer
TDS SHOULD BE DEDUCTED ON GROSS AMOUNT AS TDS IS DEDUCTED ON CREDIT OR PAYMENT WHICHEVER IS EARLIER.WE HAVE TO DEDUCT ON THE LIABILITY TO THE PARTY
Is This Answer Correct ? | 1 Yes | 2 No |
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