Tds on contract

lakshmikant (student) (44 Points)

11 July 2012  
If an individual who is liable to get his accounts audited under section 44AB pays money to a contractor for building own house which will be utilised for personal use, does that individual have to deduct tax at source under section 194C? As per my knowledge individual is not required to deduct tax at source as services of contractor are use for personal benefit. Want to know whether my view is correct or not. Please reply. Regards, Lakshmikant Hebare