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of <h1>Amendment to Section 194C mandates tax deduction for contractor payments; 1% for individuals/HUFs, 2% for others.</h1> Section 194C of the Income-tax Act is amended to mandate tax deduction at source for payments to contractors. Effective from October 1, 2009, the amendment requires a 1% deduction for payments to individuals or Hindu undivided families, and 2% for others. Tax must be deducted on the invoice value, excluding material costs if separately stated. Payments under 20,000 are exempt unless the annual total exceeds 50,000. No deduction is required for plying, hiring, or leasing goods carriages if the contractor provides a Permanent Account Number. The amendment defines 'work' to include various services like advertising and catering.
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