An Individual is receiving Salary per month on a yearly contract basis.
Whether TDS on salary is deducted us 194C instead of sec.192.
Is it taxable under the head “Income from Salary” or Otherwise ?
Pls suggest !
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Tds querry
Replies (5)
If there any contract agreement has been entered for the same job then it shall be comes under 194C other wise it shall be comes under 192. And correspondigly treated as salray or other income.
please let us know about the terms of the contract nd nature of service rendred. so tat we can give the correct reply for u r question.
If the amount recieved is in the nature of salary, then it comes under section 192.
The question arise, whether the payment is made directly to person hired or to the contractor.
If payment is directly made to person hired as employee, you have to deduct TDS u/s 192, but if payment is made to the contractor then TDS u/s 194 C
Main thing is that supply of labour for carrying out any work under a contract, if payment is made under a contract, than tds deducted u/s 194C, no effect on the same, payment made to employee or contractor
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