Sales Tax
This query is : Resolved
CA Ravi Sisodia
(Expert)
12 July 2010
Full form of TDS is tax deduction source it is the tax which
is deducted for the parties by company and it is a expense
for company.
WCT stand for work contract tax. It is deducted when
vendor has worked with material supply. For example:-
"A" company is a Infrastured company. They need some work
for civil work.They contacted another vendor like "B". "B"
will supply the material and labour will also provide. This
is labour and material. "A" will make payment and deducted
WCT and TDS both.
is deducted for the parties by company and it is a expense
for company.
WCT stand for work contract tax. It is deducted when
vendor has worked with material supply. For example:-
"A" company is a Infrastured company. They need some work
for civil work.They contacted another vendor like "B". "B"
will supply the material and labour will also provide. This
is labour and material. "A" will make payment and deducted
WCT and TDS both.
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