Work Contract For A Composit Contract in PUNJAB

This query is : Resolved 

15 September 2010 HI,
Please advice me the Procedure of Tax Payment Under Work Contract In Punjab for a Composit Contact.??.



15 September 2010 As per income tax sec 194C will be applicable . applicable base TDS rate is 1% or 2%. Tax will be deducted on total value of the contract.

In case of Service tax , tax will be deducted either @ 4 % on total value or 10% on the labour part of the contract.


25 September 2010 Suggested to visit Punjab VAT website




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