Answer / akhilesh

wct rate is 12.5% general rate
under compisit scheme rate is 3% or 2.5%

Answer / ranjan kumar behera

For delhi 2% for both registed or not registred.

how many salary + incentive aplicable for TDS ? Ex. 10,000 is salary and incentive is 8,000 can deduct TDS?

4 Answers   ABC,

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I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap

0 Answers   ABB, Chartered Accountant,

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

2 Answers   Ernst Young, GTPL,

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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)?

3 Answers   Insurance,

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I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

0 Answers  

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Can the seller pay sales Tax in Govt.Dept. against sale of material by retail invoice?

1 Answers  

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I intend to know what is the liablity of the Company paying commission to an individual under section 194H relating Payment for Commission in terms of obtaining PAN no from the individual? What is the maximum amount of commission up to which the same could be relaxed or it is not mandatory.

1 Answers  

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I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.

5 Answers   Essar International School,

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If IOCL give turnkey project to any contractor who will be got benifited with respect to tax(Direct/Indierct) and how.

0 Answers   IOCL,

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We have received Bills of Aug-2008 for contract charges. I have passed the bills in Dec-2008. So, we will pay intrest on tds or not?

1 Answers  

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Timings / Months when the advance tax shud be paid For Domestic companies?

2 Answers  

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What is VAt ?

2 Answers   Su Kam,

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