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of <h1>Section 194C: Payer must deduct TDS on payments for work or labour-1% for individuals/HUF, 2% for others</h1> Any person paying a resident for carrying out work (including supply of labour) under a contract with a specified person must deduct tax at source at the time of payment or credit: 1% where the payee is an individual or HUF and 2% for others. Crediting to suspense accounts counts as credit. For certain supplies, deduction applies to invoice value excluding separately stated material; otherwise whole invoice. Individuals/HUFs paying for personal purposes are exempt. Small-payment thresholds and an aggregate-year threshold prevent deduction; special exemption exists for transport contractors owning =10 goods carriages on declaration. 'Specified person,' 'work' and 'contract' are broadly defined.
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