Whether prov. of Sec.194C is applicable to payments made to contractors of building construction? Its a office building,and the whole exp. is capital expenditure for the assessee and nothing wil be claimed as revenue exps....
Plz reply urgent...
Thanks in advance....
Guest
Guest
(Expert)
08 October 2009
Since contracts for the construction, repair, renovation or alteration of buildings or dams or laying of roads or airfields or railway lines or erection or installation of plant and machinery are in the nature of contracts for work and labour, income-tax will have to be deducted from payments made in respect of such contracts
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