The TDS, or 194C, can be a difficult concept for individuals to comprehend. This overview aims to explain the intricacies of the 194C TDS rate, helping you through its implementation. The 194C TDS rate is chiefly applicable to transfers made for contractual work. It is levied by the payer of these compensation and deducted at the time of disbursa

Section 194C of the Income Tax Act, frequently referred to as TDS on contract payments, applies to businesses who provide contract services. It mandates a deduction of tax at source prior to making any payment exceeding certain thresholds to contractors. This regulation aims to control income channels and ensure timely tax compliance. Understandin