Whether to deduct tds by aop

This query is : Resolved 

27 January 2012 party is a residential association and they make payment to a contract for some building works. whether to deduct tax on such payment. 44 ab is not applicable for this aop and share of profit is undeclared

27 January 2012 DEDUCTION IS REQUIRED SUBJECT TO THE LIMITS PRESCRIBED U/S 194C.

(30000/- Single contract.
75000/-- Aggregate Contract Amount.)


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