Mobilisation Advance - Income Tax
kumar75 Started The Discussion:
Dear Expert,

If a contractor applies for mobilisation advance for the work costing more than 10 crore (Constructing Bridge), whether the statutory deductions like Income tax, Vat and labour cess be deducted from the bill of Mobilisation Advance?

Whether Interest is to be charged on the whole amount or on the net payment made after TDS to the contractor?


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