Web‘194C. Payments to contractors and sub-contractors.— (1) Any person responsible for paying any sum to any resident (hereinafter in this section referred to as the contractor) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and— WebThe TDS on Payment to Contractor under Section 194C shall be deducted at the below mentioned rates:- 1% if the payment is being made to Individual or HUF 2% in all other cases (i.e. cases except payment to Individual or HUF) TDS on Payment to Sub-contractor
1094 Form W-2C - IRS
WebNov 13, 2010 · 13 November 2010 [Payments to contractors. 194C. (1) Any person responsible for paying any sum to any resident (hereafter in this section referred to as … WebMar 3, 2024 · Section 234E of the Income Tax Act, 1961 deals with the levy of a fee for default in furnishing statements of tax deducted at source (TDS) or tax collected at source (TCS). The section was introduced by the Finance … sandia creek ranch
TDS on payment to contractor or sub-contractor – Section 194C
Section 194C states that any person responsible for paying any sum to the resident contractor for carrying out any work (including the supply of labor), in pursuance of a contract between the contractor and the following: 1. The Central Government or any State Government 2. Any local authority 3. Any corporation … See more The expression, “work” in this section would include- 1. Advertising 2. Broadcasting and telecasting including production of programs for such broadcasting or … See more A “sub-contractor” would mean any person: 1. Who enters into a contract with the contractor for carrying out, or 2. For the supply of labor for carrying out the whole … See more As per the provisions of Income Tax Act, any person (being a contractor and not being an individual or a Hindu Undivided Family): 1. responsible for paying any … See more WebJun 28, 2024 · Section 194C (4) provides that no individual or a Hindu undivided family shall be liable to deduct income-tax on the sum credited or paid to the account of the … WebSep 28, 2024 · Information about Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, including recent updates, related … shop vac 92m650c parts