Tds on mvat?

Apart from TDS in Income Tax Act, 1961, am I correct that there is also TDS in MVAT(Maharashtra VAT) Act, 2002? If yes, on what amount is it deducted and when is it liable to deducted?

Replies (4)
 

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  .....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details