TDS ON Contractors
This query is : Resolved
V RAGHAVENDRA
(Querist)
24 October 2009
Our one of the party is proprietor of business of Trading and he has TDS No. in his name since Tax audit is applicable to him.
Now this individual proprietor has purchased one commercial building which he is going to construct 7 storied building so he will be paying to contractors etc.. for construction work, he will buy material and get the labour work of different types done from several contractors.
Whether TDS i tax will be applicable to him? and he has to take New TAN No.?
PL note that he is not going to sell any commercial units. He will either run different type of business himself or he will give certain units on conductiong basis
Now this individual proprietor has purchased one commercial building which he is going to construct 7 storied building so he will be paying to contractors etc.. for construction work, he will buy material and get the labour work of different types done from several contractors.
Whether TDS i tax will be applicable to him? and he has to take New TAN No.?
PL note that he is not going to sell any commercial units. He will either run different type of business himself or he will give certain units on conductiong basis
Shyam Lal Naik
(Expert)
24 October 2009
He will have to deduct TDS u/s 194C.
No requirement to apply for separate TAN(Tax Deduction Number).
The purpose behind engagement of contractors is not at all relevant for the question raised.
No requirement to apply for separate TAN(Tax Deduction Number).
The purpose behind engagement of contractors is not at all relevant for the question raised.
Jagdish Bhalia
(Expert)
24 October 2009
Yes TDS will be deducted u/s 194(c).
Need not to apply fresh TAN
Need not to apply fresh TAN
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
