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194C tds..............

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(Querist)
31 May 2008 To whom 194 C applicable ?

i Mean who are contrasctors and subcontractors????
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Satish K Sekhar.ACCA

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Satish K Sekhar.ACCA (Expert)
31 May 2008 Contractors are the entity who undertake job from the principal directly. For Eg. Party 'A' take contract from a Government agency. Here party 'A' is the contractor and government is the principle.

When party 'A ' engage party 'B' for a portion or in full of such job, party 'B ' will be called as sub-contractor.
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