Works contract tax
Querist : Anonymous
Please write me the Journal Entry for Works Contract with all tax applicable in the books of a builder company for Company & Non Company contractor. and who is responsible for deposit WCT.
If contract amount is rs. 50000/-
than which tax is applicable on bill amount for company contractor & Non Company Contractor.
Querist : Anonymous
WORK IN PROGESS A/C
TO WCT PAYABLE
TO VENDOR A/C
TO TDS PAYABLE
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