Income tax on services and material supplied

Jayanthi (jao) (54 Points)

17 February 2012  

Do we need to calculate IT incase a bill is raised for materials supplied including service charge for service rendered. For example

Material supplied = 2000

Value Service rendered=1000

Total                                   = 3000

What is the amount of IT to be calculated for this contractor? Is is only on Rs.1000 or Rs.3000?????