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TDS on contract of demolition

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(Querist)
21 December 2009 Whether the contract for demolition of the building with a contractor attracts the TDS while making the payment to him ? Further, is TDS applicable on advance payment to contractors ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 December 2009 yes, it will attract TDS, as per sEC.194 C
making Payment or amount crediting to the account TDS We have to make which ever is earlier

so for making advance payment we have to deduct TDS
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HUZAIFA HUSSAIN

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HUZAIFA HUSSAIN (Expert)
21 December 2009 Yes any payments or credit to contractor account attracts TDS u/s 194C of the income tax act.

Even advance payments attract tds
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
22 December 2009 yes u/s 194C exceeds payments amount of Rs.20000/-
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