22 October 2015
Please suggest Tax compliance on below transaction :
Work Contract Transaction: Repair & Maintenance 37000 New Roller Blind (Curtain ) 43500
Vat 8% (composition scheme) in this case on what amount TDS will be calculated . In my view New Roller blind will be capitalized so tds will not calculated on Rs.43500/.
so tds will be calculated on 37000/- @2%. and what would be service tax compliance . Please help me out