Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / amulya pandit
WCT is applicable where job work is out-sourced. For example, a car part is made by party "X" and he sends it to party "Y" for machinig. While the product comes back, WTC becomes applicable. "X" being the registered dealer, is required to deduct WTC from the Invoice of "Y" and deposit it with the VAT authorities. IT is NOT TDS, which is applicable under Income TAX .
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
Whether We can Get the Refund of Service Tax Paid Wrongly to the department.We are not suppose to pay the tax and we knew after that we can adjust that servies tax what we have collected from our client aganst services received from our suppliers.
Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.
Cenvat credit transaction journal entries. And what does the term reversal of credit means
plzzzzzz help me friend my question is, is the tds of part of income tax and when it deduct from salary and why becose tds is deduct only secoundry primary income like lotory etc..
Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
procedure to get Raw Material free of excise duty under Central Excise Act,
define double entry bookkeeping
what is the case assesment of sales tax and vat.What is the proof of this case assesment.why we use the challan-c...???? Plz tell me someone...???
Should we give C form with Freight, Insurance, P&F after CST?
What are the various forms used for VAT?
IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.
