House construction 194c

This discussion clarifies the applicability of TDS (Tax Deducted at Source) under Section 194C for payments made to contractors during new house construction. It explains that TDS is applicable even for personal residential use, especially if the contractor is liable for audit under Section 44AB, or if the taxpayer falls under Section 194M. The turnover of the contractor in the preceding year also plays a role in determining TDS applicability for the current financial year.