can anybody help me know the rate of WCT on construction contracts
WCT on Construction contracts
(Guest)
1 Replies
PRATEEK
(ACA)
(102 Points)
Replied 25 June 2010
work contract tax in calculated on deemed sale.the rate of WCT varies from 4% TO 12.50% but an assesse can also opt for a composition scheme in which the tax will be calculated on the whole contract price not only on the material value which is applied if a person does not opt for a composition scheme and the rate will vary from 1,2,3,4%.
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