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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1903)
 Accounting General interview questions  Accounting General Interview Questions (2826)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
Question
What is the % of WCT under VAT Rules in Delhi?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 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 ?    176 Yes 28 No
Vivek Agarwal
 
Answer
# 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
B.mishra
 
 
 
Answer
# 3
12.5% on 80% of Gross Value 
Is This Answer Correct ?    127 Yes 71 No
Waseem
 
Answer
# 4
wct rate is 12.5% on 80%of total sales 
Is This Answer Correct ?    31 Yes 12 No
Shivam Kumar
 
Answer
# 5
wct under vat rules in delhi 4%. if all the work do by
contracter.
 
Is This Answer Correct ?    23 Yes 17 No
Arunkumar
 
Answer
# 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
 
Answer
# 7
WCT RATE FOR THE CONTRACTOR FOR 4% FOR NET SALES VALUE 
Is This Answer Correct ?    10 Yes 8 No
Rajeev
 
Answer
# 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
 
Answer
# 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
 
Answer
# 10
WCT @ 12.5% on 80% of the Actuals
and
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
 
How to calculate Excise duty in manufacturing secoter.   2
If Seller in Delhi deliveres goods above Rs.25,000.00 without form 38 to Haryana,and issues invoice @2% CST without buyer having VAt registration and receives full payment of invoice, whose responsibility is it to pay the difference in taxes wrongly billed by seller?   1
How to Calculate the ESI,PF?it is basic Salary or Gross Salary? ESI 87
sir can u please provide me knowledge about all the direct tax and indirect tax Genpact 3
when sales made in 2% cst against c-form, the buyer issue the c form to the seller, what the seller made on these c form , how can the seller benefited by the c form?   2
What is the TDS % & limit on Maintance Charges of Office Space.   4
what is the difference between real expense and operating expense?   1
If some body asks me m y TIN number what does that mean?? Is it my Taxpayers Identification number or it is my Tax invoice number? What does both of these stands for???   4
COST OF ASSETS 250000 ACCUMULATED DEPRECIATION 115000 SELLING PRICE 137500 PASS ENTRY FOR THE SALE OF ASSET. ABC 2
What is rate of tax applicable in absence of central declaration form in state of Haryana. against "C" form rate is 4% & Local VAT is 12.5%. Pl. help.   2
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
Can we debit cess & H.cess From Basic Excise Duty   3
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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