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TMI BlogTDS on Work ContractX X X X Extracts X X X X X X X X Extracts X X X X ..... TDS on Work Contract X X X X Extracts X X X X X X X X Extracts X X X X ..... igned a work contract to the main contractor who will take care about compleation of the turnkey project. The total project cost bifurcated as "material & labour" and "co-ordination fee". In this scen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ario, what is the cost on which TDS 2% is to be deducted, is it on "material & labour" or only on "labour". Aslo what would be the cost on which WCT is to be deducted by us. Thank You Reply By PRASA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NTA KHATAI: The Reply: WCT TDS as applicable in the project state to be deducted from the total sales price , i.e.invoice value including material,labour,co-ordination fee etc,. Yours being a turnke ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y lumsum indivisible contract,WCT shall be applicable on the gross total project value. Incase the whole contract would have been awarded as a split contract , i.e.separate contract for supply,labour ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and co-ordination,WCT would not have been attracted , thus no WCT TDS. Hope,I have adequately clarified , may revert for any further clf. Prasanta Khatai, 9818830315 Reply By sunil kumar valipire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ddy kondannagari: The Reply: Thanks for your clarification on WCTDS. But also wanted TDS as per Income Tax Act. We are deducting TDS @ 10% on Co-Ordination Fee. But my doubt is whether 2% TDS to b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e deducted on Labout as well Material or only labour ? X X X X Extracts X X X X X X X X Extracts X X X X
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