Contractor payment TDS exemption applies to qualifying small transport contractors and individual or Hindu Undivided Family personal-purpose payments.

No deduction of tax at source applies to qualifying payments to small transport contractors where the payment concerns goods carriages, the contractor owns no more than ten goods carriages during the tax year, provides a declaration and Permanent Account Number, and the payer files prescribed particulars within the required time. The exemption also applies where an individual or Hindu Undivided Family makes a contractor payment exclusively for personal purposes.

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