Sec 194C of IT Act mentions about TDS in respect of payments made to contractor etc. Is it applicable to small parties like individuals Dhobi washing uniforms of employees etc?
I have doubt.Please enlighten.
Regards,
Jayanta (Service) 22 December 2009
Sec 194C of IT Act mentions about TDS in respect of payments made to contractor etc. Is it applicable to small parties like individuals Dhobi washing uniforms of employees etc?
I have doubt.Please enlighten.
Regards,
Asha Pole (Legal) 22 December 2009
Irrespective of the person being an individual or a company, if the payment made per contract is Rs.20000 or Rs.50000 p.a, you are supposed to deduct TDS from such payment.
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