Interested to Buy Any Domain ? << Click Here >> for more details...
can u explain the meaning of Work Contract Tax in breif.
- 1 Answers
- 4729 Views
- I also Faced
- E-Mail Answers
Answer / gauri6583
In certain States, (like Maharashtra) Main and Sub
Contractors are treated as single legal Entity. Therefore,
there is no VAT/TDS applicable between the transactions of
the Main and the Sub-Contractor . The VAT Forms are exchanged
between the Main and the Sub Contractors to declare that they
have discharged VAT liability for their portions of the
Contracts. In such cases, the Main Contractor gets the
deduction of the value of the work executed by the Sub
Contractor. The main and the Sub Contractor are jointly and
severally responsible for the compliance under the works
contract provisions of the VAT Act .
| Is This Answer Correct ? | 3 Yes | 4 No |
what are Accounting Documents and Book of Accounting
under which ledger should i make opening work in progess and closing work in progress
Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.
WHAT IS THE WCT ON CONSTRUCTION COMPANY AT PRESENT ( 2010- 11)
pls tell me tds new rate 1/10/09
When goods are returned, how about the Tax collected on them.? The Buyer or the seller who will bear that /
Your grandfather is 75 years old. He has total saving of Rs. 80000. He expects that he live for another 10 years and will like to spend his saving by them. He placed his saving into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occuring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
what are the supporting documents of purchase entry and sales entry?
what is tds and how it is calculating
what is financial MIS report and what is included in it. Please help me out to know the concept
What is your greatest achievement and why?
commision of rs-150 paid but charged to interest account,journal entry
Audit 
