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Applicability of tax?

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(Querist)
21 October 2012 There is a constructing company.
Labour charge is one of the major expenses there.
labour charges is given to a person and the aggregate payments during the year exceeds rs 75000
is tds applicable if there is no contract b\w the company & the person and the payments to the person are through bank???

or is any other tax applicable?

hoping for a reply soon..
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HEMANTA PATNAIK

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HEMANTA PATNAIK (Expert)
21 October 2012 Tds has to be deducted u/s 194 C as such labour charges are covered with in the ambit of Contract payments .
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SANYAM ARORA

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SANYAM ARORA (Expert)
21 October 2012 Yes it will be covered u/s 194 c
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
21 October 2012 TDS has to be deducted

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