27 April 2013
Mr DK Nigam, Even when TDS is made on WCT bills,the contractor has to file returns as usual. He can declare the tax liability and the tax adjustment against TDS. If the deduction is more than the actual liability refund of the excess deduction can be claimed...mjk
10 June 2013
In fact if the bill amount if small then the TDS deducted is always more than the tax on profit but this is to be decided only when the return is filed. After filing the return the department comes to know about the actual tax liability and if any excess tax is paid then it is refunded but the actual tax is to be determined by the department.
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