Work Contract Tax

23270 views 105 replies
Originally posted by : S.Altaf Hussain

1.Whether WCT should be deducted on advance payment made to contractor?
2. Is WCT deducted only against running account bills?

 

WCT TDS is not applicable on advance payment as there is no transfer of property, it is to be dedcuted on running bills only.

 

 

 

Replies (105)
Originally posted by : S.Altaf Hussain

1.Whether WCT should be deducted on advance payment made to contractor?
2. Is WCT deducted only against running account bills?

 

WCT TDS is not applicable on advance payment as there is no transfer of property, it is to be dedcuted on running bills only.

 

 

 


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