13 May 2008
Can tds be deducted on the payment made for the Printing & Stationeries wherein the Party is Charging VAT on it? However the substance of the transaction is that the party is printing the brochures & frames as per the specifications of the company.
13 May 2008
tds is to be deducted when you are given on labour charges & you are providing material & labour charges are made rs 20000/-at one time or total labour charges are paid rs 50000/- in the year then tds is applicable so in your case you are purchasing goods & vat is charged by party then tds is not applicable
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