Public works

This query is : Resolved

dhurba raj (Querist)
Follow

21 May 2014 just want to know the procedure or diffent kinds of taxes deducted from contractors bills and departmental work bills please i want to clear doubts help thank you

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
Follow

22 May 2014 TDS @ 1% or 2% and WCT (rates varies from state to state)

Rupesh Jain

Rupesh Jain (Expert)
Follow

23 May 2014 tds u/s 194C @ 1% for individual / HUF
and 2% for other.

WCT if contract for material and labour work both given in single contract. otherwise not required for WCT.

rate of wCT depend on state VAT ACT like in Haryana rate is 4.20% of bill value.
and if value of contract is upto rs. 1 lacs no WCT applicable.

Message likes : 1 times