As per section 194-C of the Income-tax Act, 1961, whether Association of Persons and Body of Individuals are liable to deduct tax at source from specified payments made to residentcontractors.
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Applicability of 194C
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With effect from June1, 2008 , AOP/BOI whose books of accounts are required to be audited under section 44AB (a)/(b) during the immediately preceeding financial year are required to deduct TDS
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