If bill of Rs 100000/- is submitted for road contract. to Z P.
Z P has to deducte following :
Vat TDS @ 2%
TDS @ 2%
Royalty Charges @ 5%
In this case, Royalty charges should be deducted on 100000/- or bal. amt after deduction of VAT TDS & TDS ?.
Please guide in this matter.
CAclubindia
