Issue regarding Deduction of TDS & WCT
This query is : Open
30 May 2016
Hello Sir, my father is a proprietor of a construction working with Bharatiya Reserve Bank Note Mudran Pvt. Ltd, Salboni. while payment of bills they deduct TDS @ 1% and Works Contract Tax @ 3% of the Total Gross Amount. i am also a student pursuing CS (Exe) from Kolkata as per my knowledge they should't deduct 1% TDS as they are already deducting WCT @ 3%. Kindly suggest, and if answer is positive then kindly send me the proof that can be presented to them.
(shuddhatam@live.com)
kindly soon reply if possible.
31 May 2016
tds is ok. but you have to see the State VAt act for the WCT rate due to WCt is govern by State govt VAt act. not link it with the income tax act.
31 May 2016
Thank U Sir......
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