Dear Experts,
If a company avails the service as well as the purchase from the same supplier, what will be the TDS implications on this transactions.
Example:
A Pvt Limited is availing some services on contract basis from Z Pvt Ltd for the amount of Rs 150000.00.
Also this A Pvt Ltd is purchasing the some goods from the same supplier Z Pvt Ltd for the amount of Rs 27,00,000.00
The Query as follows:
1. Whether A Pvt Limited is having responsibility to deduct the TDS on Rs 1,50,000.00.
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