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Contractors deductions

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2016 Sir,
Gross amount of a contract bill=3325000
and i received in bank = 2997967
now i want to know what amount and for what deduct ...
like,,, one i know is TDS 1% and others ?????
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Ghanshyam T Jha

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Ghanshyam T Jha (Expert)
08 July 2016 I think you need to contact your customer for details of deductions from your bill.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2016 i am a accountant and i want to know the dedutions ...types and % ..??
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ASHWANI DHANUKA

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ASHWANI DHANUKA (Expert)
08 July 2016 it depend upons type on bill and work: If is of civil work nature or works contract, general deductions may be: TDS, WCT, BOCW.
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