TDS on contract
This query is : Resolved
01 February 2011
I am an individual doing part time jobs. I am not doing any business. I am constructing a building. In which I am paying amounts to labour contractor and professional fee. Whether I have to deduct TDS or not?
Ramana
Ramana
01 February 2011
Hi
if the building constructed for your own house.
TDS is will not be applicable.
if its going to build & sale Then you need to deduct @ 2% of TDS under Sec 194C
if the building constructed for your own house.
TDS is will not be applicable.
if its going to build & sale Then you need to deduct @ 2% of TDS under Sec 194C
01 February 2011
No need to deduct TDS .
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