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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. Jan 10, 2020 · Section 194C of the Income Tax Act states that any person making payment to a resident person, who is carrying out any ‘work’ in terms of the contract between the ‘specified person’ and the resident contractor, is required to deduct TDS.

  3. Jul 4, 2021 · Important Notes – TDS on Payments to Contractors – u/s 194C (i) The deduction of TDS from payments made to non-resident contractors will be governed by the provisions of section 195. (ii) The deduction of TDS will be made from sums paid for carrying out any work or for supplying labour for carrying out any work.

  4. Jun 15, 2019 · Who is required to deduct TDS u/s 194C? What does work mean under section 194C? What is the meaning of contractor and subcontractor? What is the TDS tax rate & time of deduction of TDS u/s 194C? What is the limit for tax deduction u/s 194C? When are the exemptions to TDS payments under Section 194C?

  5. Jun 28, 2020 · Whether contract for supply of labour shall attract TDS u/s 194C? A.22. Yes, payment made to Calcutta Dock Labour Board for supply of labor for assessee’s business, attracted TDS provisions of section 1 94C Dy.

  6. May 13, 2024 · What is TDS Section 194C? TDS Section 194C contains provisions with respect to TDS on payment made to resident contractors and sub-contractors. Section 194C is a very important section, and it has wide implications in various business scenarios.

  7. Jun 12, 2018 · Rate of TDS under section 194C. No surcharge or education cess is levied on payment to resident. Assessee can apply to assessing officer for no TDS or TDS at lower rate under Section 197. Threshold Limit in section 194C. Work shall include— (a) advertising.

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