Tds/wct

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P J Mathukutty (Querist)
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26 June 2012 Sir,
One of our contractors submitted to us a bill amounting Rs 35000/

Shall we deduct TDS @2% and WCT @4% from his bill at the time of payment

Thanking you,

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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26 June 2012 WCT stand for work contract tax.It is deducted when vendor
has worked with material supply.Then forworded bill to me
for payment i will deducted tds and wct.For example:-

A company is a Infrastured company.They need some work for
civil work.They contacted another vendor like B.B will
supply the material and labour will also provide.This is
labour an material.A will payment and deducted WCT and TDS
both.