23 February 2010
Mr A, individual is having two proprietory concerns for eg X and Y.
If Concern X gives contract to concern Y above Rs. 50,000/-, than whether it is liable to deduct TDS u/s. 194C as the both the concerns are of the same person
23 February 2010
Both are having same PAN and TAN as well as boh arae liable to audit. Further therir audited balance sheet are prepared together. Thus, 194C will still be liable