Tds on construction contact
This query is : Resolved
16 February 2014
whether TDS is required to be deducted if the contractor construct the building on the land of the contractee by using own material and labour but uses the cement of the contractee.
Thanks
16 February 2014
TDS IS TO BE DEDUCTED ON THE AMOUNT PAYABLE TO THE CONTRACTOR "ON CREDIT OR PAYMENT WHICHEVER IS EARLIER".
17 February 2014
TDS u/s 194C is applicable and needs to be deducted.
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