TDS ON ROYALTY DEDUCTION ????

Pankaj (Manager) (284 Points)

06 April 2011  

If bill of Rs 100000/- is submitted for road contract. to Z P.

Z P has to deducte following :

Vat TDS @ 2%

TDS @ 2%

Royalty Charges @ 5%

In this case,  Royalty charges should be deducted on 100000/- or bal. amt after deduction of VAT TDS & TDS ?.

Please guide in this matter.