Tds on contractors - section 194c
This query is : Resolved
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.
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.
23 September 2012
Hey if your individual and if you don't have tan number there is no liability on you deduct rds.
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
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Taxability of credit in canara bank ET & T section (NRO)
- Banking Related Issue
- Reporting in TDS return
- Accounting with Claude
- IT returns for fresh job holders
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
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
