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Sec.31 of mvat act 2002 (VAT)

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This query is : Resolved

( Author )
27 May 2012


my employer has under go with contractor for works contract who is unregisterd dealer.
should i need to deduct TDS @ 4% Under vat act and also 2% under Income tax Act u/s 194C.

pl. clarify me.


Monik Dedhia.


( Expert )
28 May 2012


you have to deduct 5 % as per new budget of Maharashtra state for WC given in the state and I Tax TDS deduction will also be there either 1 % or 2 % depends on contractee status.

CA.Monik Dedhia

( Author )
28 May 2012

Thank You Sir,

can you tell me 5% will be on what value.
wheather on vat amount or gross amount.


Monik Dedhia.

prakash kochar

( Expert )
04 June 2012

Tax @5% as TDS is to be deducted out of amount payable against the work contract, excluding the amount, if any, separately charged as tax or service tax levied by the Govt. of India, by the contractor.



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