Wct
This query is : Resolved
PANKAJ JAIN
(Querist)
26 November 2012
Dear Sir/Madam,
Our Company is a private Ltd Co. in Rajasthan and it has received a Contract of Building on the Land of an Individual.
My question is that wheter WCT is applicable in this case and if yes then what will be the legal procedure
Thanks
Our Company is a private Ltd Co. in Rajasthan and it has received a Contract of Building on the Land of an Individual.
My question is that wheter WCT is applicable in this case and if yes then what will be the legal procedure
Thanks
CA. Hari Kishan
(Expert)
26 November 2012
to determine applicability of WCT .. you shall require to examine the contract entered into with the owner. Should you do construction for the owner for a consideration then it is works contract,, should it be on Joint development basis then again you shall have to determine on the basis on agreements entered into with the final buyer and the timing of entering into such agreements,
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