05 August 2014
Dear Experts I have paid Rs.87380/- (single Bill) to printers who make flex banners in the name of mine. The Bill details is here below; PVC Materials 44000.00 Vat @ 14.5% 6380.00 Labour & Transport 37000.00 Total --------- 87,380.00 --------------------------------
My query is whether I have deduct TDS for Full Bill Value or only portion of Labour & Transport i.e., Rs.37,000/- Please advise in this regard. Thanks in Advance.
05 August 2014
I think you should deduct TDS on whole amount as you have received single bill. If materials bill separately received then no need to deduct TDS on material portion.
06 August 2014
Materials not supplied by us only the cost we paid to party who make flex banners. The Printer supplied bill for Rs.87,380/- This Bill Under what head we have to account. Because it is purely goes to Advertisement. Thanks in Advance
CAclubindia
