Learn everything about Section 194C of the Income Tax Act, including TDS applicability, rates, threshold limits, exemptions, penalties, and compliance requirements for contractor and sub-contractor payments. Stay compliant with DisyTax expert guidance. Learn about TDS under Section 194C of the Income Tax Act, applicable when making payments in pursuance of a contract. Explore provisions, time of TDS, threshold limits, and rates for individuals and other payments. Discover circumstances where TDS is not applicable, and understand the calculation process. Get insights on specified persons, work definitions, and FAQs for clarity on compliance. Stay informed to ensure accurate TDS deduction and meet legal requirements.... 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. 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
