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of <h1>Entities Must Deduct Tax for Works Contracts Over 20,000 Under Delhi VAT Act 2004; Penalties for Non-Compliance</h1> Under the Delhi Value Added Tax Act, 2004, entities (excluding individuals and Hindu undivided families) must deduct tax at source when paying contractors for works contracts exceeding twenty thousand rupees. The standard deduction rate is four percent, with a six percent rate for unregistered subcontractors. Contractors can apply for a certificate to adjust the tax deduction based on the nature of the contract. Deducted taxes must be deposited with the government within fifteen days of the deduction month. Failure to comply with deduction, deposit, or certificate issuance requirements incurs penalties and interest. A Tax Deduction Account Number is mandatory for compliance.
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