Applicability of deduction of WCT in karnataka VAT.
A trust given a contract to local vendor for construction of a new building, whether a trust is liable to deduct WCT / TDS. If yes, whether trust need to take registration under KVAT for payment of WCT deducted and file a return of WCT.
Yes, trust is liable to deduct TDS if tax audit is applicable for the trust.
Yes, trust is liable to deduct TDS if tax audit is applicable for the trust.
Shyam S Gupta and Company
New Delhi
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
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