https://www.taxtmi.com/circulars?id=5049 Section 194C mandates withholding tax on payments to resident contractors by specified payers and on payments by contractors to resident sub-contractors, subject to surcharge and a small-sum exemption; Assessing Officers may grant Form No.13C certificates for lower or nil deduction. Deductors must deposit withheld tax within prescribed timeframes, furnish Form No.16B certificates, quote TAN on documentation, and file an annual return in Form No.26C. Failures attract interest, penalties, and potential prosecution under relevant provisions. en-us Thu, 20 Aug 1992 00:00:00 +0530 Fri, 08 Aug 2008 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5049 Section 194C mandates withholding tax on payments to resident contractors by specified payers and on payments by contractors to resident sub-contractors, subject to surcharge and a small-sum exemption; Assessing Officers may grant Form No.13C certificates for lower or nil deduction. Deductors must deposit withheld tax within prescribed timeframes, furnish Form No.16B certificates, quote TAN on documentation, and file an annual return in Form No.26C. Failures attract interest, penalties, and potential prosecution under relevant provisions. Circulars Income Tax Thu, 20 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5049