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(Querist)
28 January 2011 Dear All,

Need help on WCT

When advance has been paid to a Contractor under a Works Contract whether WCT is deductible on that advance amount or it has to be made on the subsequent progessive payments???

Reply needed urgently.....
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Sunil Arora Advocate

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Sunil Arora Advocate (Expert)
03 February 2011 Advance is for the Contract and it will be adjusted against future Payments. So As per me WCT is required to be deducted on Advance

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