27 June 2011
Dear Sir We are working in Uttar Pradesh as a contractor of civil work. Suppose 3 parties are involve in this project.
Party no. - (A)(contractee) has award the contract to (B) and deduct the TDS(UPVAT)@4% on payment and
Party no. - (B) has sublet the contract to C (Rate fix)
Now my question is whether B will deduct TDS on payment made to C or not ? If yes then what will be the rate of TDS(UPVAT)? (Both B and C are in compounding scheme)
28 June 2011
Mr Manoj, Here'B should also deduct TDS from the payments made to 'C',and required forms confirming the deductions are to be issued. The rate of deductions will be the same as done by 'A'.i.e.4% MJK
CAclubindia
