Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (9) TMI 66 - HC - Income TaxSection 194C - introduced in the Income-tax Act, 1961, with effect from April 1, 1972 – applicability on professional people who renders services - section 194C which was introduced in the Income-tax Act, 1961, w.e.f. April 1, 1972, makes provision for deduction of tax at source on payment to contractors or sub-contractors - A bare perusal of section 194C shows that the said provision really deals with contractors who are businessmen, e.g., building contractor, or contractor who does work of transportation or loading of goods, or for supply of materials - The context of that provision shows that it is not dealing with professionals like lawyers, doctors, accountants, etc., and it does not refer to payment of fees to professionals like lawyers, chartered accountants, doctors, engineers, etc.
|