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of <h1>Clarification on Section 194C TDS: Contracts for Work, Not Sale, Follow Circular No. 681 Principles.</h1> The circular addresses the applicability of Section 194C of the Income-tax Act, 1961, concerning tax deduction at source (TDS) for payments to contractors and sub-contractors. It highlights a contradiction between two previous circulars regarding contracts for the fabrication of articles or things per an assessee's specifications. Circular No. 681 states that TDS does not apply to contracts for sale, while Circular No. 715 includes such contracts under Section 194C. The Board clarifies that TDS applies only if the contract is for work, not for sale, following principles from Circular No. 681.
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