Amendments in section 194C through Finance Act (2), 2009
As per amendment through Finance Act(2) ,2009,new Section 194C has been substituted for old section 194C .New Section is applicable from the 01.10.2009.The main changes in the new section is given as under: Separate rates for contractor and subcontractor has been removed. Now the tax rate has been categorized according the status of deductee and…