https://www.taxtmi.com/circulars?id=5030 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. en-us Thu, 14 Nov 1991 00:00:00 +0530 Fri, 08 Aug 2008 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5030 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. Circulars Income Tax Thu, 14 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5030