CBDT Circular on applicability of section 194C of Income Tax Act

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Clarification regarding applicability of section 194C in view of Supreme Court’s decision in Associated Cement Co. Ltd. v. CIT [1993] 67 Taxman 346/201 ITR 435

Circular : No. 666, dated 8-10-1993.

1. Reference is invited to the Board’s Circular No. 632, dated the 20th August, 1992 on the above subject.

2. According to the provisions of section 194C of the Income-tax Act, 1961 any person responsible for paying any sum to any resident contractor for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and the bodies specified therein shall, at the time of credit of such sum to the account of the contractor, or,

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