TDS on contractors for f y 2006-07 - Individual business
This query is : Resolved
venkat reddy gopidi
(Querist)
14 March 2009
Weather TDS was applicable in case of Individual -carrying business proprietory firm - having tax audit - for the paymenets made to contractors under section 194C for the financial year 2006-07.
CA. MITHUN KHATRY
(Expert)
14 March 2009
yes
14 March 2009
No need to deduct tax u/s 194C in the given situation. As you know the amendment is w.e.f 1/6/2007 to those cases to whom tax audit was applicable in the preceeding year.
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