Deduction of tax at source from contractor payments requires prescribed withholding, procedural filings, and possible certificate-based relief. Section 194C requires deduction of tax at source on payments to resident contractors and sub contractors for carrying out work, including supply of labour, at prescribed withholding rates and subject to a monetary exemption threshold; Assessing Officers may, on application in Form No.13C, issue certificates directing lower or no deduction. Deductors must pay amounts to government in the prescribed manner and time, furnish Form No.16B certificates, quote TAN, and file annual returns in Form No.26C; statutory provisions prescribe interest, penalties and prosecution for failures.
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Provisions expressly mentioned in the judgment/order text.
Deduction of tax at source from contractor payments requires prescribed withholding, procedural filings, and possible certificate-based relief.
Section 194C requires deduction of tax at source on payments to resident contractors and sub contractors for carrying out work, including supply of labour, at prescribed withholding rates and subject to a monetary exemption threshold; Assessing Officers may, on application in Form No.13C, issue certificates directing lower or no deduction. Deductors must pay amounts to government in the prescribed manner and time, furnish Form No.16B certificates, quote TAN, and file annual returns in Form No.26C; statutory provisions prescribe interest, penalties and prosecution for failures.
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