TDS under MVAT and IT Act
This query is : Resolved
Guest
Guest
(Querist)
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?
We are into the construction industry
We hire electrical contractors
Will both TDS as well as WCT be deducted from the payments?
Jagdish Bhalia
(Expert)
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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