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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2016 Dear sirs can anyone tell the difference between works contract TDS and income tax TDS in detail. Because I'm confused with these two.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 September 2016 Works contract VAT TDS at 5% can be adjusted against VAT payable. Income tax TDS on works contract applicable at at 1%/2% to be adjusted against income tax payment.

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