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Categories >> Accounting >> Taxation


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 Taxation interview questions  Taxation Interview Questions (1898)
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What is the % of WCT under VAT Rules in Delhi?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
# 1
WCT on payments made to various parties are to be deducted
When the party supplies both material and labour in
pursuant to a contract. The rate of deduction is 4%, when
the party is not having Vat Registration number or at 2%,
when the party is having Vat Registration number.
Is This Answer Correct ?    175 Yes 28 No
Vivek Agarwal
# 2
Under cmposit work contract the WCT rate for registered
contractor is 2% and 4% for non-registered contractor.
Is This Answer Correct ?    94 Yes 20 No
# 3
12.5% on 80% of Gross Value 
Is This Answer Correct ?    126 Yes 71 No
# 4
wct rate is 12.5% on 80%of total sales 
Is This Answer Correct ?    30 Yes 12 No
Shivam Kumar
# 5
wct under vat rules in delhi 4%. if all the work do by
Is This Answer Correct ?    23 Yes 16 No
# 6
wat always bieng on composite work, but it should be not
@the material value.its only on labor supply.just for a
inatance:Manufacturing of aircraft,there would be wct(work
contract tax)its 4%withought c form &2% with c form
Is This Answer Correct ?    5 Yes 2 No
Vipin Kumar Shukla
# 7
Is This Answer Correct ?    10 Yes 8 No
# 8
Under composit work contract the WCT rate for registered
contractor is 2% and 4% for non-registered contractor.
Is This Answer Correct ?    3 Yes 1 No
Jai Singh
# 9
WCT @ 12.5% on 85% of basic value.

Service tax @ 10.30% or 33% of basic value.
Is This Answer Correct ?    26 Yes 25 No
Jitender Rawat
# 10
WCT @ 12.5% on 80% of the Actuals
Service Tax @ 12.36% on 70% of the Actuals
Is This Answer Correct ?    1 Yes 0 No
Varun Singhal

Other Taxation Interview Questions
  Question Asked @ Answers
I have issued an invoice to a client in which i have charged service tax but I have not received any amount against that invoice. In this case when is service tax payable.   6
what is the Intrest Rate for CST Delay Payment Amico 1
what do u mean by excise duty?   2
I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.   1
Where we show the brought forwarded losses in the Balance Sheet?   3
what is exice duty & what are the exicesable goods   1
what is the journal entry of outstanding wages ? ABC 27
Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employee's salary Eg. employee's cont. 5000/- employer's cont. 5000/- is it ABC 14
What are the Karnataka's VAT Rates ?   1
My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?   2
I am an registered dealer in Rajasthan State, and I am selling goods out of Rajasthan to a registered/unregistered dealer without 'c' form. What cst will be charged on it?   5
I got 3 houses in Hyderabd from which i am not getting any rent because In A house i occupied for my family, No.B was occupied by My father and C was occupied by my sister.I am putting Nil in the column mentioned for income from house property. Is it right or wrong pl let me know   2
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