04 February 2013
we have printed wall calenders for the quantity of 355 no. @ 226.23 and total bill has come upto INR.84,326/- (inclusive of Vat @5%).
we have two concern and are going to be make payment part as 1/3rd from Company A and 2/3rd from company B. but the bill has arise in the name of Company B. whether it is applicable tds or not? if applicable please tell me under which section. and how will it be calculated.