TDS on contract payments extended to associations and bodies of individuals under the amended withholding framework. The amendment broadens the withholding obligation for payments for work and contract services by expressly adding association of persons or a body of ... Summary
TDS on contract payments extended to associations and bodies of individuals under the amended withholding framework.
The amendment broadens the withholding obligation for payments for work and contract services by expressly adding association of persons or a body of individuals, incorporated or not, to the enumerated list of payees following Hindu undivided family, thereby expanding entities liable to tax deduction at source on such contract payments.
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