Works contract tax applicability
This query is : Resolved
25 December 2014
Our company is a registered works contractor in Maharashtra. We have been awarded a road construction contract on which principal contractor deducts WCT (Works Contract Tax). We have also sub-contracted works like site fabrication, plant installation, drain work, labour etc.
Now my question is - whether we are also liable to deduct WCT TDS on payment to sub-contractor? If yes, then will it not amount to double taxation on same contract work?
Now my question is - whether we are also liable to deduct WCT TDS on payment to sub-contractor? If yes, then will it not amount to double taxation on same contract work?
25 December 2014
Experts please reply
01 January 2015
Anyone can please reply....
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