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TDS will attract on Bonus payment to labor contractor

Income Tax - Started By: - Swapneswar muduli - Dated:- 25-10-2015 Last Replied Date:- 29-10-2015 - Dear Sir,Our labor contracts are raised bill for payment of bonus for financial year 14-15.In this bill should we deduct TDS or not.If yes on which ground please clarify.RegardsSwapneswar Muduli - Reply By Ganeshan Kalyani - The Reply = Tds is deductible under 94C @1% if contractor is individual/Huf and 2% in case other than individual/Huf. - Reply By vikram agarwal - The Reply = u/s 194C of Income .....

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