What is WCT? On Which it is calculated?pleasegive any
example.
WCT- Works Contract Tax
Whenever any activity is undertaken under a contract for
working upon any goods; it can be liable to tax
under "Works Contract Act" which is leviable by the Sales
Tax/VAT department of the State Government
Work contract tax is almost like sales tax which is levied
in the process of sale or activity or project, where there
is an involvement or which include goods or material. That
is, if a project right from the commencement to till the
end, involves any goods, then it is liable for the WCT.
Suppose, a company has given a project to a vendor to
construct the wood work of a particular office area. Then
the project includes goods like wood, paint and other
accessories etc. which is liable for WCT. Usually,
engineering projects are not liable for WCT.
| Is This Answer Correct ? | 7 Yes | 4 No |
Which form we use for depositing Service Tax
what is the meaning of A/C 1, A/C 20, A/C 21, A/C 22 in PF
35 Answers Asian Paints, BDPL, DEV, EPFO, HEC, HPCL, TCS, Vijay Industries,
CAN FILL HARYANA SALE TAX RETURN ONLINE?IF FILL THEN HOW?WHAT IS THE PROCESSORS FOR FILLING HVAT RETURN?
If my Income is 180000 p.a., so what tax I have to be deposit, explain with details of total calculation?
Hello, i am rohit sharma. i want to ask you that i can taken credit input of sercice tax of telephone bill.
we are registered dealer of VAT(sale tax) for different states regarding consutruction of chimney and roc, we also purchase material inter-state under cst . so, please someone help regarding VAT+VAT TDS+CST+WCT+Service tax both under composition scheme and non-composition and any related site or recommened books which one solve queies. Thank u
What is the due date of P.Tax return filing for Staff? Yearly Tax amount with Rs. 30,000/-
What is VAt ?
Our company refundable ST amount but we dont want to refund amt but i want to adjust that refund amount anywhere
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?
basic knowledge of accounting ?
What is the last date for filing of returns for TDS, ESI, PF, Professional Tax, Income Tax, Service Tax and Income Tax?
21 Answers ABC, Balaji, Bony Polymers, Chetak Logistics, Classic Network, ESI, JCI, Meghmani, Nishant Mouldings, PK Power Systems, Power, SRCON, Unicorn DenMart,