Answer / nichit pandurang

WCT means Works Contact Act
WCT is applied in case of any vendor suppling material or
labour on behalf of contractor on that time WCT will
deductable

Answer / sagar

WCT depends upon state by state. its a flat rate at which no
input credit on any material purchased is given to you
(since on VAT credit of Input can be claimed and net amt is
deposited to govt). you have to pay a flat rate of 2 % on
turnover(ie, contract amount) to government or ur contractee
will deduct WCT while making payment to u. you (the
contractor) can claim WCT as ur direct expense.

Answer / shatrudhan sinhg

WCT means Works Contact Tax
WCT is applied in case of any vendor supping material or
labour on behalf of contractor on that time WCT Tax Applicable

Q1. What is the TDS rates for the current year 2009-10. for commission, Rent , contract and sub-contract Advertising. Q 2. What is the current year professional tax slab.

4 Answers   Infosys, T R Fastenings,

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when to apply tds

4 Answers  

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I got 3 houses in Hyderabd from which i am not getting any rent because In A house i occupied for my family, No.B was occupied by My father and C was occupied by my sister.I am putting Nil in the column mentioned for income from house property. Is it right or wrong pl let me know

2 Answers  

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if i baught an house @ 1500000 by cash or by cheque for self use then how much tax i liable to pay? if my annual income is not taxable, and the buying power came from earliar old property. plz clearify all asked in one private co.

1 Answers  

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Hi all, I recently joint a pvt ltd firm which offered me gross 10000 salary Per month and 10.3%tds deduction on it. my net salary will be 9000. My question is my salary is not taxable then how they can deduct my tds? according to firm tds return will get me back after 1 years ? I am totaly confused with this pls guide me on this matter. Thanks in advance

9 Answers  

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Can Form H be given based on exicse invoice copy

1 Answers   TATA,

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WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS & BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY

3 Answers  

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what is the last date of TDS retur filling

2 Answers  

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what is FBT & where it is used?

5 Answers   Sunshine, Yahoo,

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What are the benefits to an Employee to deduct TDS from his Salary ?

3 Answers  

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Can we deduct WCT TDS on Interstate WORKS CONTRACT , Example, Contractor is in Banglore, he has completed work in Mahrashtra which involved Civil work, Furnitures, fixtures & labour etc, Contractor has raised invoice on service receiver adding 13.50% full CST +4.12% Service charges on Total invoice amount, kindly clarify whether Service receiver is eligible to deduct WCT TDS in Maharashtra on invoice value of the contractor, if yes at what rate ?

2 Answers   Quest,

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WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?

0 Answers  

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