Tds on wct
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2011
HELLO,
PLEASE LET ME KNOW ON WHAT AMOUNT TDS WOULD BE DEDUCT WHEN VENDOR IS CHARGING WORK CONTRACT TAX{WCT}WITH THE SERVICE TAX.
FOR EXAMPLE.
SUPPLIES AND JOB WORK = 500
SERVICE TAX = 10
G. TOTAL 510
WCT 4
TOTAL 514
ON WHAT AMOUNT TDS WILL BE APPLICABLE 500 OR 514?{ FOR ANY TYPE OF INVOICE IN WHICH WCT IS APPLICABLE}.
PLEASE LET ME KNOW ON WHAT AMOUNT TDS WOULD BE DEDUCT WHEN VENDOR IS CHARGING WORK CONTRACT TAX{WCT}WITH THE SERVICE TAX.
FOR EXAMPLE.
SUPPLIES AND JOB WORK = 500
SERVICE TAX = 10
G. TOTAL 510
WCT 4
TOTAL 514
ON WHAT AMOUNT TDS WILL BE APPLICABLE 500 OR 514?{ FOR ANY TYPE OF INVOICE IN WHICH WCT IS APPLICABLE}.
25 September 2011
Income tax is to be deducted u/s 194C on Rs.514.
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