an individual whose turnover is > 1 cr and made payment of rs 60 lakh to contractor for personal purpose then tds applicable and under which section?
Rajan Shah (3 Points)
04 July 2021an individual whose turnover is > 1 cr and made payment of rs 60 lakh to contractor for personal purpose then tds applicable and under which section?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 04 July 2021
If tax audit is applicable then 194C else 194M would apply
Rajan Shah
(3 Points)
Replied 05 July 2021
Even it is for personal purpose???
In sec 194C it is specifically said not applicable for personal purpose
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 05 July 2021
If tax is not deducted u/s 194C, then provisions of section 194M would prevail.
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