Payee's obligation to deduct tax at source ceases once conditions u/s 194C(3) are met; reporting still required.

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Full Text of the Document

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....TDS u/s 194C - Once the conditions of further proviso of section 194C(3) are satisfied, the liability of the payee to deduct tax at source would cease. The requirement of such payee to furnish details to the income tax authority in the prescribed form within prescribed time would arise later and any infraction in such a requirement would not make the requirement of deduction at source applicable u/s 194C(2) - AT....