CONCEPT OF WCT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2011 Dear Experts,
Kindly provide me concept of WCT, and what is difference between TDS and WCT. On which type of trancastion WCT applicable.

I am waiting for you kindly reply.

Thanking you,

CS Bijoy

CS Bijoy (Expert)
Follow

24 June 2011 WCT is work contract tax

Whenever any work is done under a contract for working upon any goods; it can be liable to tax under "Works Contract Act" which is leviable by the Sales Tax department of the State Government.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2011 Dear Expert,
I am very thankful for ur kind reply, but i want to know the diff. btween TDS and WCT. AND rate applicability also.
please reply me.

thanking you.

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2011 Dear Expert,
I am very thankful for ur kind reply, but i want to know the diff. btween TDS and WCT. AND rate applicability also.
please reply me.

thanking you.