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TDS ON Contractors

This query is : Resolved 

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

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.

24 October 2009 Yes TDS will be deducted u/s 194(c).
Need not to apply fresh TAN


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