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 twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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