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TDS under MVAT and IT Act

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Guest

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Guest (Querist)
01 June 2010 I wanted to understand this

We are into the construction industry
We hire electrical contractors
Will both TDS as well as WCT be deducted from the payments?
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Jagdish Bhalia

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Jagdish Bhalia (Expert)
01 June 2010 Yes both TDS and WCT will be deducted. WCT will be deducted only if the contract value is above Rs. 5 Lakh.

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