let assume that we are in Actual Deduction Scheme & Contractor has submitted bill
ie 75000 for Material 25000 for Labour Portion ------- Vat 12.5% 9375 Ser Tax 10.3% 966 -------- Total 1,10,341 --------- on which Amount i have to deduct IT-TDS & WCT -Tds please mail me Rajeshh_2008@yahoo.com
14 September 2011
1)If material is purchsed other than from the awarder, no need to deduct TDS under section 194C because it is outside 'work'as defined in the said section. 2) Regarding WCT deduction as per VAT law, Remesh ji's view may be followed.
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