Definition of Sub Contractor for the purpose TDS u/s 194C(2) please explain with illustration....?
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Query regarding TDS
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Consider A being a developer, B being a contractor and C being a contractor to B. Here, C is a sub-contractor. Any amounts being paid to C by B will be made at the sub-contract rate. However, from 1st October, 2009 differentiation between contract and sub-contract has been eliminated. Refer the latest budget for the rates
Thanks for the clarificatory.........
w.e.f 01.10.09 same TDS rate for sontractor & sub-contarctor.
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