Tds

TDS 397 views 1 replies

Party "A", a local municipal body entered into a contract with a private contractor say Party "B", wherein B has undertaken to design and construct a water tank for A using his own material and labour, just as in the case of a construction contract. What is the TDS applicability for A in this contract?

Replies (1)

Section 194C will be applicable. In Case the Party "B" is and Individual or HUF TDS shall be deducted @ 1% else @ 2%.


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