TDS ON CONTRACTOR PAYMENT UNDER 194c

This discussion clarifies the rules for deducting Tax Deducted at Source (TDS) on contractor payments under Section 194C of the Income Tax Act. It explains that TDS should be deducted on the cumulative payments made to a contractor within a financial year once a certain threshold is crossed, not just on individual payments. The threshold applies to the total value of payments, ensuring compliance with tax regulations.