Interested to Buy Any Domain ? << Click Here >> for more details...
We are Work Contractor. Presently we are under going a
infrastructure Project of common wealth Games in Delhi. I
want to know that how much wct will be chargeable on this
project work????
we are generally using material like, aggregate, coarse
sand, bricks, rmc, cement and our labour.
- 1 Answers
- 3879 Views
- I also Faced
- E-Mail Answers
Answer Posted / ankit jain
plz refer to Gannon Dunkerly v. st of Rajasthan SC
Judgement in 1992, wherein there are 8 heads under which u
can calim expendiyture as ur deductionfrom total contract
value. Moreover, it is a state subject, therefore, it
depend on the state law, what is actually allowed.
Example in haryana, It is upto 33% of total value of WC.
You can also opt for composite tax wherein no deductions
are allowed and u simply pay tax at 2% on total
contractvalue
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
How should the personal assets of a salaried employee be shown in his books of accounts ?
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
In one year how many times tds, service tax, and Mvat is paid?
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
Need of Bank Reconciliation to a company
Is Work Contract Tax expenses for a company?
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
Pls give a details knowledge of Income Tax (including TDS, TCS)duty paid online form no., due date, return form no. and due date, limit of turnover for auditing, procedure of auditing and income tax depreciation, etc.
what is the objective of business taxation in private company?
Rules for filling Income Tax return for a domestic manufacturing company.
Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.
Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?
what is excise
