Tds on contractors - section 194c

This query is : Resolved 

23 September 2012 Sir

I am constructing a residential house for Rs 1 crore. I have entered into an contract with a contractor for the construction work.The contract value is Rs one crore.

Am i liable to deduct TDS at 2@ on this contract amount or am i exempted from deducting TDS,as the construction is for my residential personal purpose.My turnover from business is below 30 lakhs.

Please help.

23 September 2012 Hey if your individual and if you don't have tan number there is no liability on you deduct rds.

23 September 2012 Thanks a lot




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries