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Applicability of TDS

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(Querist)
18 January 2010 As per section 194-C of the Income-tax Act, 1961, whether Association of Persons and Body of Individuals are liable to deduct tax at source from specified payments made to resident
contractors.
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
18 January 2010 Section 194C provides that “any person responsible for paying any sum to any resident (hereinafter in this section referred to as the contractor) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and......Hence Sec 194C is applicable to AOP & BOI's also.

Also Budget 2008 introduced the burden of deduction of tax under this section to Association of Persons and Body of Individuals also, whether they are incorporated or not.
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Manikanta Raju CA,CWA,(CS)

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Manikanta Raju CA,CWA,(CS) (Querist)
18 January 2010 Thank you pradeep nayak
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