Section 194M - Payment of certain sums by certain individuals or HUF

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..... t income-tax as per the provisions of section 194C , section 194H or section 194J ) responsible for paying any sum to any resident during the financial year (a) for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract, (b) by way of commission (not being insurance commission referred to in section 194D ) or brokerage or (c) by way of fees for prof .....

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..... m the business or profession carried on by him exceeds ₹ 1 crore or ₹ 50 lakhs in case of business or in case of profession during the immediately preceding financial year and such amount is not exclusively credited or paid for personal purposes of such individual or a HUF. Meaning of specified term for the purpose of this section (a) contract shall have the meaning assigned to it in c .....

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