works contract tds

This query is : Resolved 

18 May 2010 can we claim wctds as expense if we are not claiming or taking setoff against vat payment liability. plz notify

18 May 2010 Ofcourse,

If you can not take credit of any tax, it becomes part of expenditure. Assuming the expenditure is of revenue nature, you can claim expenses.

18 May 2010 AGREE WITH NAIKJI, YOU CAN CLAIM AS EXPENSES




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