On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost or on aggregate cost (labour + material)?
Answers were Sorted based on User's Feedback
Answer / jose n
Many firms charge on total cost but nobody made it clear. i believe it is to be on labour part only.
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / shatrudhan sinhg
WCT is applicable on Labor Services....
Is This Answer Correct ? | 0 Yes | 0 No |
land lord raise Rs 107175/- as rent on leased premises plus the service tax @ 10.30/- we deduct tds at the rate of 10% we avail 50% how to pass entries and how much amount do we have to pay
we are registered dealer of VAT(sale tax) for different states regarding consutruction of chimney and roc, we also purchase material inter-state under cst . so, please someone help regarding VAT+VAT TDS+CST+WCT+Service tax both under composition scheme and non-composition and any related site or recommened books which one solve queies. Thank u
what is DATT? and how can assesse get Benefit and what is it section?
Labour charges for Assembly and Calibration is liable for service tax, & whats the limit
Hello all , I have a doubt regarding TDS.My salary ranges between 22k to 26 k per month and i have a TDS component cut every month.My doubt is that what is the % of tax ? what are the ways i can get back my TDS and what are the methods that can help reducing tax .And my another doubt is that whether the tax is calculated only on the basic pay or on the whole salary I get ? because my salary has HRA in its component ,will that also be counted in tax calculation or excluded ?
what is procedure of calculation of TDS by bank?
During the financial year if i had made CST purchase in may 2011 Rs.200000/-, in july 2011 Rs.150000/-, in august 2011 Rs.100000/- so for the above transaction i have to obtain three C forms for each transactions now let me clear that by providing relevent details to the Tax department when they will provide me the c forms for the above transactions?
What is tha Central sales tax rate 2010 in andhrapradesh
how to calculate cst? is it adjust with input cst and output cst? give an example.
6 Answers Suven Life Sciences, Vikas,
what is general entry if CST charged on purchase of Material and if there is partly Purchase Return?
What slab of Income Tax on till date.How many limit of investment for Indvidual.
whether TDS is deducted on internet charges(leased line) and which section does it belong to and if it is applicable then what is the maximum exemption limit?