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tds on payment to contractor by individual


26 June 2017 Proprietor pays for repairs of Building (Building in name of proprietor and shown in personal books of proprietor )to contractor. The proprietorship concern is under tax audit. Is tds required to be deducted under 194 c by proprietor for repairs? Assuming all limits for amount paid is exceeded during the year

26 June 2017 Yes you have to if covered under tax audit.

26 June 2017 But the Building is shown in personal file of proprietor and not in name of Business. Then also tds to be deducted?

27 June 2017 If payment is made by company then company will deduct TDS.


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