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Tds on contractors - section 194c

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23 September 2012 Sir

I am constructing a residential house for Rs 1 crore. I have entered into an contract with a contractor for the construction work.The contract value is Rs one crore.

Am i liable to deduct TDS at 2@ on this contract amount or am i exempted from deducting TDS,as the construction is for my residential personal purpose.My turnover from business is below 30 lakhs.

Please help.
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CA Durga Prasad Sigatapu

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CA Durga Prasad Sigatapu (Expert)
23 September 2012 Hey if your individual and if you don't have tan number there is no liability on you deduct rds.
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23 September 2012 Thanks a lot
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