Works contract tax
This query is : Resolved
BIBEKANANDA SAHOO
(Querist)
18 February 2016
what is the applicability conditions of wct
is there is any cut off limit in bill amount
Suresh Ramaswamy
(Expert)
18 February 2016
TDS is applicable under section 194 C for payments to Contractors for works contract also. TDS need not be deducted, if a single payment is below Rs.30,000/- and the total amount paid to teh contractor is lesser than Rs.70,000/- in the financial year.
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