Guyzz plz help me out...my query is...
If a partnership firm provides a service of insertion,packing, binding and bundaling of newspaper and magazines. is this service provided by firm is taxable???
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 07 February 2012
Taxable under packing services. Basic exemption of Rs.10L is available.