Accounting treatment of WCT & TDS.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2010
As a contractee I am deducting WCT as per state law and TDS as per income tax law on civil contract.
contract for Rs. 500000
how much TDS and WCT will be if tax rate is 2 % for TDS and 4 % for WCT and what is accouting treatment will for this transaction.
contract for Rs. 500000
how much TDS and WCT will be if tax rate is 2 % for TDS and 4 % for WCT and what is accouting treatment will for this transaction.
30 December 2010
Income tax TDS 2% on the gross bill or payment made during the period
WCT on gross bill value
WCT on gross bill value
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Income tax return change regime form necessary or not?
- Sale of goods to the purchasing party
- Tax Audit Mandatory or Optional
- Machinery taking back from repair work shop
- Resignation of auditor and appointment and cfss
- OLD REGIM AND NEW REGIM
- Clarification on 15% Saudi Withholding Tax and Refund Eligibility
- RELATED TO TRIBUNAL APPEAL
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Portuguese Civil Code IT Return
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
