What is WCT TDS? who is liable to deduct the WCT TDS?
Answer Posted / arun kumar
CLARIFICATION SOUGHT ....TDS on which amount....???
Dear sir ,
Please help me with the following situation....
Bill value for machine installation - 250000./-
Ser tax 14% of (70% of 250000) - 24500/-
Swachh bharath cess 0.5% of (70 % of 250000) - 875/-
WCT - 14.5% of (75% of 250000) - 27187.50
Total bill value - 250000 + 24500 + 875 + 27187.50 = 302563/-
Now TDS is to be deducted for this payment...
Shall I deduct TDS @ 2% on 250000/- = 5000/- and pay the balance of Rs. 297563/=
Or please tell me on which amount TDS is to be deducted?
Hope my question is clear...... Please send me the reply soon...
Thanks & Regards,
Arun
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