WCT

This query is : Resolved 

21 October 2009 R/ Sir,

i want to know about WCT ,
1. IN WHICH CONDITION IT IS ACCLIBLE
2. WHAT RATES OF IT
2. WHAT IS PROCESS OF FILLING WCT ,E FILLING

desperately waiting for your reply.

Best Regards


22 October 2009 WCT = works contract tax.
1. It is applicable in the following conditions.
a) when a busimess entity entered into a contract with any person to do some work along with material in his businees place i e a company assign a furniture work to X with material like Board ,sanmica etc and labour charges .
b) contract amount is more than 1 lacs.

2. rate is specited by state govt. At present in haryana , it is 4%.

3. WCT to be deposited on 15th of following month.

22 October 2009 Thanks sir,

provided me that details. if u have any artical about that. kindly forwarded on Ac.pavan.gupta@gmail.com




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