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
No Answer is Posted For this Question
Be the First to Post Answer
We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnataka under regular Method and composition method, Is there Interstate purchase & Branch stock transfer allowed under composition scheme? How to calculate VAT liability under Regular Method and composition method. Which scheme is beneficial for us?
what is the Finalization?
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
explain the special provisions for computing profit and gains of retail business
DO anyone need TDS(tds is tax deducted at sources ) Software?Saral TDS is the software for electronic filing of TDS and TCS returns as per the provisions of Income Tax Act. With thousands of customers throughout India, It has been the proven best eTDS Solution for the eReturns. Saral TDS has also been known for being used by several Nationalized Bank Branches, Such as Indian Bank, Union Bank Of India, State bank of India, SBM, SBH, Vijaya Bank, Karnataka Bank and So On.. contact reka_raj_pmc@yahoo.com
Does the tax liability of an individual get affected due to his residential status? If yes, explain.
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
what is TDS and which apply on and its what is diffrent rates on diffrent items.
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?
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
0 Answers India Infoline, TCS, Wipro,
Please tell me who is lible to pay service tax - give category & limit turnover
What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?