TDS ON WORKS CONTRACT

This query is : Resolved 

14 August 2009 Hello

TDS ON WORKS CONTRACT IS TO BE DEDUCTED @ 2% OR 4% DEPENDING ON EACH CASE. IS THERE ANY TURNOVER LIMIT FOR DEDUCTING THIS VAT TDS OR FROM EVERY WORKS CONTRACT THIS TDS IS TO BE COMPULSORILY DEDUCTED.

REGARDS,
JYOTI


14 August 2009 Dear Jyothi Baid,

TDS on WC is to be made compulsorily. The exemption is only WRT minimum exempted limit under VAT



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