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Applicability of section 194c and 40a(3)

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(Querist)
12 June 2019 If I construct a building only for residential purpose. Whether Section 194C and 40A(3) will be applicable ? I mean to say whether I will have to deduct TDS and will have to pay the amount exceeding 10,000/- through bank.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2019 If tax audit applicable to you 194C applicable to you. 40A(3) and pay the amount exceeding 10,000/- through bank not applicable to you as it's not a business expenditure.
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