DEEPAK KUMAR (PROP) (32 Points)
25 December 2012SIR, MY CLINT IS TAKEN A WORK ORDER FROM BANK FOR BRANCH RENOVATION/ATM MAKING. THE WORK ORDER INCLUDE MATERIAL COST. SUPPOSE HE TAKEN WORK ORDER RS. 1000000.00 ( TEN LACS) AND MATERIAL COST FOR WORK DONE IS 700000.00 ( SEVEN LACS). HOW I CALCULATE WORK CONTRACT TAX AND SERVICE TAX PLEASE SEND CALCULATION.
DEEPAK KUMAR
RAJ KUMAR BHANDARI
(FINANCE)
(165 Points)
Replied 25 December 2012
Dear Deepak
Labour charge, service & other like charges 20%(twenty %) value of the contract.
(Supply and fixing of furnitures, partitions including contracts for interior decoration and false ceiling)
Thanks & Regards
Raj Kumar
CAclubindia
