Tds on contractor 194c
This query is : Resolved
13 September 2013
pls anybody tell me it is mandatory to deduct for an individual if he not get his account audited in the previous year
13 September 2013
Hi
As per reading of section 194C, it does not impose any condition like that he/it is audited their account or not.
So, if you are eligible to deduct tax under section 194C, you will deduct accordingly.
https://law.incometaxindia.gov.in/dittaxmann/incometaxacts/2008itact/Sec_194C.htm
As per reading of section 194C, it does not impose any condition like that he/it is audited their account or not.
So, if you are eligible to deduct tax under section 194C, you will deduct accordingly.
https://law.incometaxindia.gov.in/dittaxmann/incometaxacts/2008itact/Sec_194C.htm
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13 September 2013
Not required to deduct tds if individual not subject to tax audit in previous year
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13 September 2013
pls clear the same i am confused?
13 September 2013
Agree with experts,
In case of payment U/S 194A, 194C, 194H and 194J in respect of individual and HUF, only if Tax Audit is applicable in previous year,TDS is required to be deducted...
In case of payment U/S 194A, 194C, 194H and 194J in respect of individual and HUF, only if Tax Audit is applicable in previous year,TDS is required to be deducted...
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