Tds on residential house,

403 views 1 replies

hey freinds

solve my one querry guys

If a Pesons makes payment for contract for construction of residential building, for whiich payment has been made from Audited Bussines, so whether there will any TDS Liablity on the assesee or no.

and the contract amount is more thann 8 Lacks

kindly solve the issue guys

Replies (1)

Buiding constructions fall under Section 194C so TDS needs to be deducted on the payments made to Contractor.

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