MVAT TDS
This query is : Resolved
21 April 2010
Hello friends
plz explain me following
When should a person deduct TDS(MVAT)
and secondly
A works contractor sub lets a contract with material to another contractor. Should he deduct MVAT TDS from payment.
Thank You
plz explain me following
When should a person deduct TDS(MVAT)
and secondly
A works contractor sub lets a contract with material to another contractor. Should he deduct MVAT TDS from payment.
Thank You
27 April 2010
Dear, Please refer to Notification No. VAT-1505/CR-123/Taxation-1 Dated 1-4-2005. 2% TDS from registered dealer and 4% from URD dealer for contract payments above Rs.5 Lakhs.
TDS not applicable on contracts payments between Principal contractor and sub contractor.
Thanks.
TDS not applicable on contracts payments between Principal contractor and sub contractor.
Thanks.
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