Deduction of Income Tax & Sales Tax
This query is : Resolved
Rajesh Kumar
(Querist)
08 August 2009
Please advice me, Can a builder deduct Income Tax and Sales Tax apart from Work Contract Tax from the contracter whom he has given/allotted construction work/contract?
Shyam Lal Naik
(Expert)
08 August 2009
There is nothing in the name of "Work Contract Tax". Infact, it is Sales Tax / VAT on sale of goods involved in execution of works contract.
The builder is required to deduct Income Tax u/s. 194C and VAT TDS under the respective VAT laws.
The builder is required to deduct Income Tax u/s. 194C and VAT TDS under the respective VAT laws.
Rajesh Kumar
(Querist)
14 August 2009
Thanks, but if you can elaborate it in detail with example I would be highly obliged.
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