Rules and forms prescribed for the purposes of deduction of tax at source from payments to contractors and sub-contractors under the section

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....this Ministry's Circular No. 86, dated 29-5-1972, on the subject mentioned above. 2. Rules relating to the provisions for deduction of tax at source from payments made to contractors and sub-contractors have since been made. The following instructions may please be noted for general guidance : 1. Application for certificate for deduction of tax at lower rates - Under section 194C(4), it is open ....

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....evant sum is credited by a person carrying on a business or profession to the account of the payee as on the date up to which the accounts of such business or profession are made, within two months of the expiration of the month in which that date falls ; (b) in any other case, within one week from the last day of the month in which the deduction is made. TO ISSUE CERTIFICATE OF DEDUCTION - The ....