Section 194M - Deduction of TDS by Individual and HUF from payments to contractors and professionals

Rohit Kapoor , Last updated: 13 October 2020  
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Budget 2019 has proposed a new Section 194M, which requires an individual or an HUF , to deduct TDS @ 5%, where they make payment exceeding Rs. 50 Lac in a year to a contractor (referred to in Section 194 C) or to a professional (referred to in Section 194 J) The proposed Section 194M reads as un

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Published by

Rohit Kapoor
(Finance Professional)
Category Income Tax   Report

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