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TDS on contract

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(Querist)
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
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B R Ramesh

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B R Ramesh (Expert)
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
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Ratan Sharma

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Ratan Sharma (Expert)
01 February 2011 No need to deduct TDS .
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