Synopsis of TDS on Contracts (u/s 194C)

CMA Poornima Madhava , Last updated: 08 April 2015  
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Persons responsible for making payment of income, covered by the scheme of Tax Deduction at Source (TDS), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated. The recipient of the income (though s/he gets only the net amount after TDS

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