24 July 2010
Under the Indian Income Tax Act, the following provisions relate to the Tax Deduction at Source from payments to Contractors and Subcontractors under section 194C. Person responsible for paying any sum for carrying any work to any resident contractor should deduct tax at source. ax should be deducted at source only if the contract is between the contractor and the Trust. Hence TDS ia applicable.
01 August 2010
hello madm ur suggestion is absolutely right but my query is here the contract was under taken by the Trust which is reg. under 12A.... then the payment making authority what to do??? amount may be more than 15lakhs
CAclubindia
