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works contract tax

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(Querist)
21 July 2009 if a concern is doing business relating to construction,and when they acquire any government contract, then whether they can claim the works contract tax as expenses, which is deducted and paid by the government on behalf of them
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Amit Sheode

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Amit Sheode (Expert)
22 July 2009 Basically all indirect taxes actually borne & paid are allowable as direct costs against that income. So far as deduction & payment by the employer is concerned, TDS is just a mode of payment & the TDS certificate is as good as challan & hence it can be claimed as deduction as direct expenses against the income.
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