28 January 2010
Sale of magazine is taxable or not under Dvat Act and income from advertising is direct income or indirect income.if we print the magazine from the party by suppply of print & papers than tds on works contract(DVAT) will be deducted or not and if we will not supply print & papers than .............. please suggest me.
29 January 2010
In my opinion sale of magazine is covered under entry no. 5 of first sch of DVAT-04 and Exempt being magazine is a periodicals and book. Advertisement is a Direct Income. please expain whether you are supplying paper and ink etc. or not so that I can answer the remaininig query.
CAclubindia
