an individual whose turnover is > 1 cr and made payment of rs 60 lakh to contractor for personal purpose then tds applicable and under which section?
an individual whose turnover is > 1 cr and made payment of rs 60 lakh to contractor for personal purpose then tds applicable and under which section?
If tax audit is applicable then 194C else 194M would apply
Even it is for personal purpose???
In sec 194C it is specifically said not applicable for personal purpose
If tax is not deducted u/s 194C, then provisions of section 194M would prevail.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
