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  1. Jul 3, 2024 · Section 194C of the Income Tax Act governs tax deductions on payments made to contractors and subcontractors for work contracts. Find out what is section 194c and rate of TDS

  2. Jul 4, 2021 · 29.01.2021. 17000. As per section 194C (5), tax has to be deducted at source where the amount credited or paid or likely to be credited or paid to a contractor or sub-contractor exceeds 30,000 in a single payment or 1,00,000 in aggregate during the financial year.

  3. Jan 10, 2020 · Section 194c requires any person making payment to person, carrying out any work in accordance with a contract between a specified person and the resident contractor, to deduct TDS at the specified rates.

  4. Jun 15, 2019 · Section 194C deals with the provisions for tax deduction at source at the time of payment to contractors/sub-contractors. This section says that any person who pays money to the resident contractor (or subcontractor) for carrying out any work (including the supply of labor ) is required to deduct tax on such payment.

  5. Aug 4, 2021 · As per section 194C (5), tax has to be deducted at source where the amount credited or paid or likely to be credited or paid to a contractor or sub-contractor exceeds 30,000 in a single payment or 1,00,000 in aggregate during the financial year.

  6. Jun 28, 2020 · At what rate TDS has to be deducted u/s 194C ? A.2 (a) 1 % where the payment is being made or credit is given to an individual or a HUF. (b) 2% where the payment is being made or credit is to be given to any other entity.

  7. Feb 3, 2023 · As per section 194C, when a person is responsible for paying any sum to a resident contractor for carrying out any work (including the supply of labour) in the execution of a contract between the contractor and the specified person, then they shall deduct TDS while making the payment.