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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

how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary..

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how to calculate service tax

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I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.

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6 Answers   Gupta,


How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?

0 Answers   Fidelity,


I made donation which is covered u/s 35 (1)(ii)

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0 Answers  


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

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