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section 194 c payment made to contractor subcontractor

Kelvin Bhuva (Accountant) (119 Points)

08 April 2019

which Kind services includes in payment made to contractor subcontractor?

generally we use in factory other than advertising men power supply?
list of services which can be for small business and big businesses

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3 Replies

Arif Malique (19 Points)
Replied 08 April 2019

2% for exceeding 30000 on a particular transaction or above 100000 of total transaction in a FY

kajol (Executive) (201 Points)
Replied 08 April 2019

Section 194C states that any person responsible for paying any sum to the resident contractor for carrying out any work (including the supply of labor), in pursuance of a contract between the contractor and the following:

a. The Central Government or any State Government

b. Any local authority

c. Any corporation established by or under a Central, State or Provisional Act

d. Any company

e. Any co-operative society

f. Any authority constituted in India by or under any law, engaged either for the purpose of dealing with and satisfying the needs for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages or for both

g. Any society registered under the Society Registration Act, 1980 or under any such corresponding law to the Act in any Part of India

h. Any trust

i. Any university or deemed university

j. Any firm