applicability of taxes
Querist : Anonymous
My one client Partenership firm get a contract of Approx. of 2 crore.
He will do only RCC Labour work ... its a totally labour work contract for doing only RCC Slabs of one huge building ....
He is also like to give the same work in sub contract.
How many taxes he will have to pay & at what Percentage like service tax & tds etc....
Please give ur inputs ......
LIABILITY OF STAX 3.09% ON GROSS BILL.
CAN GIVE SUB CONTRACT CAN ALSO PAID SUBCONTRACTOR AND TAKE CENVAT CREDIT PASS AND TAKE CREDIT.
TDS 2% ON GROSS
Querist : Anonymous
CLIENT OR NOT.
WITH OUT MATERIAL VALUE PORTION OF SQUARE FEET AMOUNT TAKE FOR SUB CONTRACT IT IS UNDER CATEGORY OF MANPOWER SUPPLY.
SO LIABILITY OF 3.09% COLLECT FROM MAIN CONTRACTOR.
Querist : Anonymous
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