Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Section of Indian Income Tax Act
|
| gptkbp:aggregateThresholdLimit |
Rs. 1,00,000 per financial year
|
| gptkbp:amendedBy |
gptkb:Finance_Act,_2020
|
| gptkbp:appliesTo |
Payments to contractors
Payments to sub-contractors |
| gptkbp:compatibleWith |
Payments to transporters with PAN
Payments for personal purposes by individuals or HUF |
| gptkbp:deductionTime |
At the time of credit or payment, whichever is earlier
|
| gptkbp:enforcedBy |
gptkb:Income_Tax_Department_of_India
|
| gptkbp:governs |
Carriage of goods and passengers by any mode of transport
Advertising contracts Broadcasting and telecasting contracts Catering contracts Supply of labor for works Works contracts |
| https://www.w3.org/2000/01/rdf-schema#label |
Section 194C
|
| gptkbp:penalty |
Disallowance of expenditure under section 40(a)(ia)
|
| gptkbp:relatedTo |
Section 197 (Lower/Nil TDS certificate)
Section 206AA (Higher TDS if no PAN) Section 40(a)(ia) of Income Tax Act |
| gptkbp:requires |
Tax Deducted at Source (TDS) on payments to contractors
|
| gptkbp:startDate |
1 April 1972
|
| gptkbp:TDSRate |
1% for individual or HUF payer
2% for others |
| gptkbp:threshold |
Rs. 30,000 per contract
|
| gptkbp:bfsParent |
gptkb:Tax_Deducted_at_Source
|
| gptkbp:bfsLayer |
6
|