Works contract tax
This query is : Resolved
17 May 2014
Can anyone explain Works Contract Tax (WCT), on which rate it should be deducted in haryana. Tell me about threshold limit also, if any.
Rupesh Jain
(Expert)
19 May 2014
if contract value is below Rs. 1 lacs then not WCT Is applicable.
contract of labour and material both include then WCT will applicable .
and rate of WCT @ 4.20% on contract value or paid amount which ever is earlier.
contract of labour and material both include then WCT will applicable .
and rate of WCT @ 4.20% on contract value or paid amount which ever is earlier.
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