Please tell about Work Contract Tax and How much % to be
deducted, Which type of contractors come under this WCT and
what is the procedure after deducting the Tax.

Answers were Sorted based on User's Feedback



Please tell about Work Contract Tax and How much % to be deducted, Which type of contractors come ..

Answer / manoj

WORK CONTRACT TAX IS ALSO CALLED AS LABOUR CONTRACT TAX IN INCOME TAX WORK CONTRACT TAX IS DEDUCTED UNDER SECTION 194C AT 2% ON 30,000 AND ABOVE VALUE p.a.. ITS IS DEDECTED ANS LABOUR CHARGES

Is This Answer Correct ?    3 Yes 3 No

Please tell about Work Contract Tax and How much % to be deducted, Which type of contractors come ..

Answer / venkat

What is Works contract Tax ?

Is This Answer Correct ?    1 Yes 2 No

Post New Answer

More Taxation Interview Questions

What is the rate of WCT in Haryana.

13 Answers   Otis,


WHAT IS THE LAST DATE FOR PAYMENT OF TAX OF EXCISE DUTY IN CASE OF ( SSI ) UNIT .

5 Answers  


how many types of vat

1 Answers  


Hi, I need the clarification in Tax Rate in Karnataka for Frozen foods like Paratha, Briyani, Pasta's Please share the information for me

0 Answers  


about E-1 Form ?

2 Answers  






what is CST % applicable on garments sales to other state?

0 Answers  


Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P

0 Answers  


Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c

0 Answers  


what is bank reconcillation statment,balance sheet,thumb rules of accounts,depreciation?

1 Answers  


what is GST and how it work

2 Answers   Minda,


is the company liable to deduct and pay professional tax for directors?

5 Answers  


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

1 Answers  


Categories