|
Serial No. |
Type of contract. |
Percentage of |
Percentage of |
|
|
|
deduction from |
total value of |
|
|
|
the contractual |
contract taxable |
|
|
|
transfer price. |
@ |
|
|
|
|
|
(1) |
(2) |
(3) |
|
(4) |
|
|
|
|
|
|
|
|
4% |
12.50% |
|
|
|
|
|
1 |
Fabrication and installation |
25 |
25 |
50 |
|
of plant and machinery |
|
|
|
2 |
Fabrication and erection of |
15 |
45 |
40 |
|
structural works of iron and |
|
|
|
|
steel including Fabrication, |
|
|
|
|
supply and erection of iron |
|
|
|
|
trusses, purloins and the like. |
|
|
|
|
|
|
|
|
3 |
Fabrication and installation |
15 |
25 |
60 |
|
of cranes and hoists. |
|
|
|
4 |
Fabrication and installation of |
15 |
20 |
65 |
|
elevators (lifts) and escalators. |
|
|
|
5 |
Fabrication and installation of |
15 |
45 |
40 |
|
rolling shutters and collapsible |
|
|
|
|
gates. |
|
|
|
6 |
Civil works like construction of |
25 |
20 |
55 |
|
buildings, bridges, roads, dams, |
|
|
|
|
barrages, canals and diversions. |
|
|
|
7 |
Installation of doors, door frames, |
20 |
10 |
70 |
|
windows, frames and grills. |
|
|
|
8 |
Supply and fixing of tiles, slabs, |
20 |
Nil |
80 |
|
stones and sheets. |
|
|
|
9 |
Supply and installation of air |
15 |
5 |
80 |
|
conditioners and air coolers. |
|
|
|
10 |
Supply and installation of air |
15 |
5 |
80 |
|
conditioning equipment including |
|
|
|
|
deep freezers, cold storage plants, |
|
|
|
|
humidification plants and de- |
|
|
|
11 |
Supply and fitting of electrical goods, |
15 |
5 |
80 |
|
supply and installation of electrical |
|
|
|
|
equipments including transformers. |
|
|
|
12 |
Supply and fixing of furniture and |
20 |
5 |
75 |
|
fixtures, partitions including |
|
|
|
|
contracts for interior decorators and |
|
|
|
|
false ceiling. |
|
|
|
13 |
Construction of railway coaches |
20 |
50 |
30 |
|
and wagons. |
|
|
|
14 |
Construction or mounting of |
20 |
30 |
50 |
|
bodies of motor vehicle and |
|
|
|
|
construction of trailers. |
|
|
|
15 |
Sanitary fitting for plumbing |
25 |
15 |
60 |
|
drainage or sewerage. |
|
|
|
16 |
Laying underground surface |
30 |
10 |
60 |
|
pipeline, cables and conduits. |
|
|
|
17 |
Dying and printing of textiles. |
30 |
Nil |
70 |
18 |
Supply and erection of weighing |
15 |
30 |
55 |
|
machines and weigh bridges. |
|
|
|
19 |
Painting, polishing and white |
30 |
Nil |
70 |
|
washing. |
|
|
|
20 |
All other contracts not specified |
20 |
15 |
65 |
|
from serial No. 1 to 19 |
|
|
|