Dear All.
Please confirm me, We are a exporter and we are registered under DVAT Act, and filed the return regularly. During F.Y.2010 -2011 we have converted some capital assets to Stock in trade( Land & Building) and started renovate the building to residential appartment from factory through Contractor,
- The contractor provides all meterial & Labour only issue bill on us .
- We deduct TDS @ 1% of the income Tax Act( applicable on him)
- MY doubt is whether WCT/TDS Under Vat act accplicable on us and if Yes what is the procedure
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Please suggest me
.
CAclubindia
