Manikanta Raju CA,CWA,(CS) (Industry) (4482 Points)
18 January 2010
As per section 194-C of the Income-tax Act, 1961, whether Association of Persons and Body of Individuals are liable to deduct tax at source from specified payments made to residentcontractors.
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 18 January 2010
With effect from June1, 2008 , AOP/BOI whose books of accounts are required to be audited under section 44AB (a)/(b) during the immediately preceeding financial year are required to deduct TDS
CAclubindia
