I have one client having Petrol Pump. IOC charged LFR (License Fees Recovery) Charges in Invoice. Is there any TDS provision on LFR charges.
I have one circular received from petrolium association Which is attached.
In that, It is specify rate of 2 % and 10% accordingly SIte A and B. If its deducted TDS, then under which section of TDS.??
Please help me soon.