TDS ON PORTION OF JOB WORK

ANIL CHOPRA (CHARTERED ACCOUNTANT) (42 Points)

16 September 2007  

 

  HELLO,

 

 ONE OF MY CLIENT IS DOING PRINTING JOB FOR BIG COMPANIES, HE IS INDIVIDUAL AND LAST YEAR HIS BOOKS OF ACCOUNTS WERE AUDITED U/S 44AB. IN HIS PURHCASE BILL IN DELHI, VAT IS APPLICABLE ON 80% OF THE BILL REAMINING 20% IS TREATED AS JOBWORK. THE AMOUNT OF SUCH JOB WORK EXCEEDS RS. 50,000. IS TDS  APPLICABLE ON THAT.

 

THANK YOU.