Work contract tax

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This query is : Resolved

Subhash Chandra Sharma (Querist)

24 October 2013 Is it required to pay WCT even after obtaing exemption Certificate ?
My one client is an electrical contractor in some of the contracts he obtain E.C. and deposit the required prescribed fee. He is required to pay WCT @ 40% i.s. 4.944% on the value. I want to know whether WCT is payable even after obtaing the E.C. ?
secondly id TDS deductible from the payment of WCT ?

I shall be obliged for the guidance.

CA UMESH DULAL

CA UMESH DULAL (Expert)

25 October 2013 If you are exempted from VAT (i.e.exemption certificate is issued to you), then you need not pay wct nor to charge the wct to client

if your work contract is exempted, no deduction of tds (WCT)

Subhash Chandra Sharma

Subhash Chandra Sharma (Querist)

25 October 2013 Thanks to CA Umesh Dulaal.I am obliged.
Sir,
Today I have posted one request to all experts like you to start giving guidance in Income Tax, VAT, Excise, Service Tax and TDS, because ost of the enterprenuers/ traders/ business people like to have guidance even accounts keeper like me need such guidance from experts. Then why should not start giving guidance in these taxes one by one mainly procedure of preparation, e finling the returns and epayments.
If it is possible for you we shall be highly obliged.
Yours
Subhash chandra sharma

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