https://www.taxtmi.com/manuals?id=1247 Tax must be withheld by a payer on payments to residents for carrying out any work under a contract with a specified person, at rates that depend on the payee and PAN status; where manufacture or supply uses customer provided material, withholding is on invoice value excluding material if separately stated, otherwise on the whole invoice. Exemptions include qualifying transport operators who own not more than ten goods carriages and furnish the prescribed PAN-backed declaration, and payers must report such non-deduction in Form 26Q with penalty exposure for non-compliance. en-us Mon, 05 Oct 2015 11:13:00 +0530 Fri, 11 Apr 2025 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1247 Tax must be withheld by a payer on payments to residents for carrying out any work under a contract with a specified person, at rates that depend on the payee and PAN status; where manufacture or supply uses customer provided material, withholding is on invoice value excluding material if separately stated, otherwise on the whole invoice. Exemptions include qualifying transport operators who own not more than ten goods carriages and furnish the prescribed PAN-backed declaration, and payers must report such non-deduction in Form 26Q with penalty exposure for non-compliance. Manuals Income Tax Mon, 05 Oct 2015 11:13:00 +0530 https://www.taxtmi.com/manuals?id=1247