Tds on wct
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2011
HELLO,
PLEASE LET ME KNOW ON WHAT AMOUNT TDS WOULD BE DEDUCT WHEN VENDOR IS CHARGING WORK CONTRACT TAX{WCT}WITH THE SERVICE TAX.
FOR EXAMPLE.
SUPPLIES AND JOB WORK = 500
SERVICE TAX = 10
G. TOTAL 510
WCT 4
TOTAL 514
ON WHAT AMOUNT TDS WILL BE APPLICABLE 500 OR 514?{ FOR ANY TYPE OF INVOICE IN WHICH WCT IS APPLICABLE}.
PLEASE LET ME KNOW ON WHAT AMOUNT TDS WOULD BE DEDUCT WHEN VENDOR IS CHARGING WORK CONTRACT TAX{WCT}WITH THE SERVICE TAX.
FOR EXAMPLE.
SUPPLIES AND JOB WORK = 500
SERVICE TAX = 10
G. TOTAL 510
WCT 4
TOTAL 514
ON WHAT AMOUNT TDS WILL BE APPLICABLE 500 OR 514?{ FOR ANY TYPE OF INVOICE IN WHICH WCT IS APPLICABLE}.
25 September 2011
Income tax is to be deducted u/s 194C on Rs.514.
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Journal entry of busniess expenses
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- RATE AND HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- 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
