For a contractor or sub-contractor, for not deducting Tax Deducted at source is any forms to submit and will that come under Income Tax threshold limit or there are any specified norms for this. Please make us know the form numbers.
17 June 2009
Section 194C(3)(i) deals with situation of contractor and sub contractor.
An individual sub-contractor having not more than 2 goods carriage may file a declaration in Form 15-I to the contractor, not to deduct the TDS. In turn, Contractor shall file the information of such sub contractor in Form 15-J to the jurisdictional Commissioner of Income Tax within prescribed time.
17 June 2009
Section 194C(3)(i) deals with situation of contractor and sub contractor.
An individual sub-contractor having not more than 2 goods carriage may file a declaration in Form 15-I to the contractor, not to deduct the TDS. In turn, Contractor shall file the information of such sub contractor in Form 15-J to the jurisdictional Commissioner of Income Tax within prescribed time.
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