Tax deduction at source ensures withholding and strict enforcement for contractor compliance and reporting obligations. Tax deduction at source under section 194C obliges payers to withhold tax on payments to resident contractors/sub contractors above the prescribed threshold, file quarterly particulars in Form No.26C and remit withheld amounts to the Central Government within prescribed time; failure to remit results in treatment as an assessee in default with interest and penal consequences. The Board instructs tax officers to obtain contractor data from major organisations, prioritise scrutiny of compliance, initiate penal action where statements are not furnished, and involve internal audit to protect revenue.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction at source ensures withholding and strict enforcement for contractor compliance and reporting obligations.
Tax deduction at source under section 194C obliges payers to withhold tax on payments to resident contractors/sub contractors above the prescribed threshold, file quarterly particulars in Form No.26C and remit withheld amounts to the Central Government within prescribed time; failure to remit results in treatment as an assessee in default with interest and penal consequences. The Board instructs tax officers to obtain contractor data from major organisations, prioritise scrutiny of compliance, initiate penal action where statements are not furnished, and involve internal audit to protect revenue.
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