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TDS ON WORKS CONTRACT

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(Querist)
14 August 2009 Hello

TDS ON WORKS CONTRACT IS TO BE DEDUCTED @ 2% OR 4% DEPENDING ON EACH CASE. IS THERE ANY TURNOVER LIMIT FOR DEDUCTING THIS VAT TDS OR FROM EVERY WORKS CONTRACT THIS TDS IS TO BE COMPULSORILY DEDUCTED.

REGARDS,
JYOTI
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raghunandan

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raghunandan (Expert)
14 August 2009 Dear Jyothi Baid,

TDS on WC is to be made compulsorily. The exemption is only WRT minimum exempted limit under VAT

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