https://www.taxtmi.com/acts?id=10570 Substitution of section 194C requires any person paying a resident contractor for carrying out any work to deduct tax at source at prescribed rates at the time of payment or credit, applies where sums are credited to suspense accounts, prescribes invoice based treatment excluding separately stated material value for certain works, exempts personal payments and small payments subject to an aggregate threshold, permits a PAN based exemption for goods carriage businesses subject to prescribed reporting, and defines "work", "contract" and "specified person" for these purposes. en-us Tue, 07 Jul 2009 16:09:34 +0530 Tue, 07 Jul 2009 16:09:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10570 Substitution of section 194C requires any person paying a resident contractor for carrying out any work to deduct tax at source at prescribed rates at the time of payment or credit, applies where sums are credited to suspense accounts, prescribes invoice based treatment excluding separately stated material value for certain works, exempts personal payments and small payments subject to an aggregate threshold, permits a PAN based exemption for goods carriage businesses subject to prescribed reporting, and defines "work", "contract" and "specified person" for these purposes. Act-Rules Bills Tue, 07 Jul 2009 16:09:34 +0530 https://www.taxtmi.com/acts?id=10570