Answer / ankit jain

plz refer to Gannon Dunkerly v. st of Rajasthan SC
Judgement in 1992, wherein there are 8 heads under which u
can calim expendiyture as ur deductionfrom total contract
value. Moreover, it is a state subject, therefore, it
depend on the state law, what is actually allowed.

Example in haryana, It is upto 33% of total value of WC.
You can also opt for composite tax wherein no deductions
are allowed and u simply pay tax at 2% on total
contractvalue

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