TDS under MVAT and IT Act

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01 June 2010 I wanted to understand this

We are into the construction industry
We hire electrical contractors
Will both TDS as well as WCT be deducted from the payments?

01 June 2010 Yes both TDS and WCT will be deducted. WCT will be deducted only if the contract value is above Rs. 5 Lakh.


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