Contract includes sub contract for income tax purposes, clarifying the scope of tax deduction obligations under the Act. For purposes of section 194C of the Income tax Act, the term contract includes a sub contract. This definitional clarification is set out as guidance in ... Summary
Contract includes sub contract for income tax purposes, clarifying the scope of tax deduction obligations under the Act.
For purposes of section 194C of the Income tax Act, the term contract includes a sub contract. This definitional clarification is set out as guidance in manuals and reference guides to ensure subcontracting arrangements are covered within the statutory meaning of contract for tax administration and related compliance determinations.
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