NON DEDUCTION OF WCT

This query is : Resolved 

19 May 2008 A COMPANY IS IN THE BUSINESS OF THE RESTAURANTS/FAST FOOD OUTLETS. WHILE MAKING PAYMENT FOR CONSTRUCTION/INTERIORS OF STORES/SHOPS IT HAS NOT DEDUCTED WCT UNDER DVAT ACT BUT DEDUCTED TDS UNDER INCOME TAX ACT. DOES NON DEDUCTION OF TDS HAS ANY DISLLOWANCE/LIABILITIES IN THE INCOME TAX ACT.

20 May 2008 Please expand WCT, DVAT.

20 May 2008 Non-deduction of TDS would attract disallowance u/s 40(a)(ia) of the Income Tax Act.The entire expenditure will be disallowed. However no disallowance will be attracted for non-deduction of Work Contract Tax under Delhi VAT Act.

20 May 2008 Non-deduction of TDS would attract disallowance u/s 40(a)(ia) of the Income Tax Act.The entire expenditure will be disallowed. However no disallowance will be attracted for non-deduction of Work Contract Tax under Delhi VAT Act.

20 May 2008 Non-deduction of TDS would attract disallowance u/s 40(a)(ia) of the Income Tax Act.The entire expenditure will be disallowed. However no disallowance will be attracted for non-deduction of Work Contract Tax under Delhi VAT Act.

20 May 2008 Non-deduction of TDS would attract disallowance u/s 40(a)(ia) of the Income Tax Act.The entire expenditure will be disallowed. However no disallowance will be attracted for non-deduction of Work Contract Tax under Delhi VAT Act.

20 May 2008 Non-deduction of TDS would attract disallowance u/s 40(a)(ia) of the Income Tax Act.The entire expenditure will be disallowed. However no disallowance will be attracted for non-deduction of Work Contract Tax under Delhi VAT Act.

21 May 2008 dear

Shrinavasraghavan. WCT is Work contract Tax or TDS under VAT Act & DVAT is Delhi Value Added Tax


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