05 January 2009
we are in printing press. we have taken one gala for lease. but instead of showing it on lease we have made job contract agreement with owner. he was raised bill in our name on monthly basis & we have pay him the bill after deducting TDS. but he is saying that TDs is not applicable on job contract. therefore, pls tell me whether it is applicable or not & if yes then what is the percentage.
CAclubindia
