14 March 2009
Weather TDS was applicable in case of Individual -carrying business proprietory firm - having tax audit - for the paymenets made to contractors under section 194C for the financial year 2006-07.
14 March 2009
No need to deduct tax u/s 194C in the given situation. As you know the amendment is w.e.f 1/6/2007 to those cases to whom tax audit was applicable in the preceeding year.
CAclubindia
