We are generally give order to the printing company for
printing our uniqe file,calender,sovenour,answer
sheet,envelop etc, when company submite the bill it charge
the bill includes vat@4%, so can we deduct the TDS on total
invoice value or only cost amount (exclude the vat).
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Answer Posted / ramesh iyer
TDS SHOULD BE DEDUCTED ON GROSS AMOUNT AS TDS IS DEDUCTED ON CREDIT OR PAYMENT WHICHEVER IS EARLIER.WE HAVE TO DEDUCT ON THE LIABILITY TO THE PARTY
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