SIR, MY CLINT IS TAKEN A WORK ORDER FROM BANK FOR BRANCH RENOVATION/ATM MAKING. THE WORK ORDER INCLUDE MATERIAL COST. SUPPOSE HE TAKEN WORK ORDER RS. 1000000.00 ( TEN LACS) AND MATERIAL COST FOR WORK DONE IS 700000.00 ( SEVEN LACS). HOW I CALCULATE WORK CONTRACT TAX AND SERVICE TAX PLEASE SEND CALCULATION.
DEEPAK KUMAR
Dear Deepak
Labour charge, service & other like charges 20%(twenty %) value of the contract.
(Supply and fixing of furnitures, partitions including contracts for interior decoration and false ceiling)
Thanks & Regards
Raj Kumar
CMNITY HIRE
New Delhi
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