I am confused about the issue that under which category we need to deduct the TDS on payment made to contractor for providing engineering, procurement and construction services.
Facts are, that we (my client) are having a agreement with a construction company for execution and construction of comercial building and we need to relase part payment of the contract,
We are confused about that under which category TDS should be deducted?
01 August 2011
EPC construction contracts attract TDS u/s.194C 2% if the contractor company or 1% for others ,except the engineering bills raised under this contract,engineering and technical work bills attract TDS section 194J 10%