Dear All,
Kindly clarify the TDS applicability on th following case.
Mr.A provides job work to Mr.B for Rs.3,00,000/-
Mr.A invoiced Mr.B in the following manner.
Paper & Board, Ink etc - Rs.2,00,000/-
Printing Charges - Rs.85,000/-
Sub - Total - Rs.2,85,000/-
Vat on Assessable Value - Rs.10,000/-
[2,00,000 * 5%]
Total Invoice Value - Rs.2,95,000/-
Let me know on what amount is the tds applicable and under which section?
CAclubindia
