Tds on mvat?

Yes .Tds on mvat will be deducted. for more information plese visit on https://cakamalg.blogspot.in/2012/02/tds-on-works-contract-in-maharashtra.html

So does this mean that if the works contract value is greater than 5 lacs in a year, both TDS in Income Tax Act and under MVAT Act has to be deducted?

If yes, can you please show the working on works contract value of say Rs.6 lacs in a year exclusive of any taxes? For eg. which TDS will be applied first(in terms of calculation), Income Tax or MVAT?

Originally posted by : pravin singh
	Yes .Tds on mvat will be deducted. for more information plese visit on https://cakamalg.blogspot.in/2012/02/tds-on-works-contract-in-maharashtra.html

Does this mean that TDS on MVAT applies only where there is works contract??

Yes dear Yashsr it is correct that MVAT applies only when there is a works contract 

The TDS on the works contract will be calculated by taking into various provisions of the concerned state VAT act . 

Also the calculation may change depending upon the contract 

Income tax TDS is calculated on the receipt of the payment from the client whereas VAT TDS is calculated on the value of the property in goods transferred 

Ok  .....