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.
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