13 May 2009
whether the TDS on the contract value is to be deducted after charging Service tax and VAT or before that on the gross figure???? what is the rate of TDS and also when the same is to be deducted at WCT or on contractor???
13 May 2009
TDS is to be deducted on the contract value including service tax. If vat is charged then that portion will be treated as purchases and TDS is not applicable for it. The rate of TDS is 2.266%.
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