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

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.

Question Posted / satyanarayana

2 Answers
6677 Views
I also Faced
E-Mail Answers

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

Write entry for interest receivable from bank Rs. 15000 TDS 2250.

26 Answers Datamatics, Kalash Commodity, Overnite Express,

can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2008-09

6 Answers JG Group,

If IOCL give turnkey project to any contractor who will be got benifited with respect to tax(Direct/Indierct) and how.

0 Answers IOCL,

How To Calculate Gross Sales for vat return -15

0 Answers

if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)

0 Answers

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

5 Answers

What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)

0 Answers

How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.

0 Answers

What are the deductions under salary head?

0 Answers

THE CUSTOMER IS FROM GOA STATE AND THEY PURCHASE GOODS FROM MAHARASHTRA UNDER C FORM THAT TIME THE CUSTOMER ISSUED C FORM ON WHICH AMOUNT TAXABLE OR INVOICE AMT(TAXABLE + 2%)?

4 Answers

what is caluculate PF what is fill the rates in the challan

1 Answers

COST OF ASSETS 250000 ACCUMULATED DEPRECIATION 115000 SELLING PRICE 137500 PASS ENTRY FOR THE SALE OF ASSET.

2 Answers ABC,

For more Taxation Interview Questions Click Here