I am a Construction Manager!
Can you please tell me the prevailing rates for different construction activities for construction works i.e.
Taxes applicable for RA Bills
Taxes applicable for deduction from petty contractors
Taxes to be charged from different bodies from contractors
WCT, TDS, IT, LWT etc.
Thanks,
Arvind
Dear Sir,
I am waorking in Navayuga Engineering Company Limited at NTPC Prpject Barh, Bihar.
NTPC Deducted Following Taxes from our Certified RA Bills,,,,,,
WCT - @ 4%
TDS - @ 2%
Building Cess - @ 1%
Above Deduction is Applicable from Each RA Bills But if You have Taken any Moblisation Advance then a certain percent of amount deducted as well as interest @ 13% Deducted from Our RA Bills.
now its depend on LOA (Letter of Award) that Service tax will be Deducted from RA Bills or Not....
CCI
Pro
CAclubindia
