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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



On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost o..

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

On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost o..

Answer / shatrudhan sinhg

WCT is applicable on Labor Services....

Is This Answer Correct ?    0 Yes 0 No

On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost o..

Answer / pankaj

OVER BOTH MATERIAL & LABOUR

Is This Answer Correct ?    0 Yes 1 No

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More Taxation Interview Questions

1. we pay rent of Rs:62500/= for that we deduct tds =6250.00 and the landlord claim service tax 6437.10(62500*10.3/100), we normaly paid on 05th of next month. My Question is 1. What is the Journal Enrty for this 2. Journal Entry when at Payment of TDS Please help me Regards sakthi

6 Answers  


till the discounted bill is paid by acceptor it, remans 1)a contigent liabilities for the acceptor 2)a contigent liabilities fot the drawer 3)a contigent liabilities for the bank 4)a liabilities for the drawer chose correct answer with detils.

1 Answers  


What is Sale in Transit Transaction and what are the forms issued and get form parties ?

2 Answers   Ernst Young, GTPL,


what are the ways of paying service tax and vat montly manually??

4 Answers  


CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?

12 Answers   Erico Labs, Hero MotoCorp,


what is the difference between tcs and tds explaine?

1 Answers   Visa Steel,


As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?

8 Answers  


taxes leivied on carpentar & plumbing services

0 Answers  


The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 i.e., Rs.20000 is deducted on the gross bill of Rs 120000. My question is whether to deduct TDS on Rs.120000 or on Rs. 100000?

5 Answers  


what is tds tax and what is vat use in tally ?

2 Answers  


why form 31 used at the time of sale and purchas

1 Answers  


How to calculate TDS on rent when rent is added with service tax?

2 Answers   INDUS,


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