Meaning of tax terms

Meaning of “Contractor”

Posted on by Prashant Thakur

Case Name : Moradabad chartered accountants association vs. CBDT

Citation : [2003] 264 itr 374 (all.)

Court : Allahabad high court

Section : 194 to 206c

Meaning : The word “contractor” in section 194c as used in the context of that provision refers to businessman who does contract work, and not professionals, like lawyers, chartered accountants, doctors, engineers, etc.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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