02 September 2011
Dear Experts, Please advice me what is WCT and on which type of contract it is applicable? Is there any defference between WCT AND TDS? and what is the rate of WCT?
02 September 2011
WCT -works contract tax applicable on the contract which involves both material and labour works. WCT rate based on the state VAT/WCT act
TDS applicable both the act which is
1. Income tax TDS u/s.194C
2. WCT TDS which applicable based on the State VAT/WCT act