India - Income Tax Act 2010 - Saarc

1.749 CH. XVII - COLLECTION AND RECOVERY - DEDUCTION AT SOURCE S. 194Cshall, at the time of payment thereof, deduct income-tax thereon at the rates inforce :39[***]]40[Provided 41 [***] that in a case where the winnings are wholly in kind or partlyin cash and partly in kind but the part in cash is not sufficient to meet the liabilityof deduction of tax in respect of whole of the winnings, the person responsiblefor paying shall, before releasing the winnings, ensure that tax has been paid inrespect of the winnings.]42[Winnings from horse race.194BB.43Any person, being a bookmaker or a person to whom a licence hasbeen granted by the Government under any law for the time being inforce for horse racing in any race course or for arranging for wagering orbetting in any race course, who is responsible for paying to any person anyincome by way of winnings from any horse race in an amount exceeding 44 [fivethousand rupees] shall, at the time of payment thereof, deduct income-taxthereon at the rates in force.45[***]]46[Payments to contractors.47194C. (1) Any person responsible for paying any sum to any resident (hereafterin this section referred to as the contractor 48 ) for carrying out any work 48(including supply of labour for carrying out any work) in pursuance of a contractbetween the contractor and a specified person shall, at the time of credit of suchsum to the account of the contractor or at the time of payment thereof in cash39. The first proviso omitted by the Finance Act, 1999, w.e.f. 1-4-2000. Prior to its omission,the first proviso read as under :“Provided that no deduction shall be made under this section from any payment madebefore the 1st day of June, 1972:”40. Inserted by the Finance Act, 1997, w.e.f. 1-6-1997.41. Word “further” omitted by the Finance Act, 1999, w.e.f. 1-4-2000.42. Inserted by the Finance Act, 1978, w.e.f. 1-4-1978.43. See rules 30, 31, 31A, 31AB, 37 and 37BA and Form Nos. 16A, 26AS and 26Q.44. Substituted for “two thousand five hundred rupees” by the Finance Act, 2010, w.e.f.1-7-2010. Earlier the quoted words were amended by the Finance (No. 2) Act, 1991, w.e.f.1-10-1991 and Finance Act, 1986, w.e.f. 1-6-1986.45. Proviso omitted by the Finance Act, 1999, w.e.f. 1-4-2000.46. Substituted by the Finance (No. 2) Act, 2009, w.e.f. 1-10-2009. Prior to its substitution,section 194C, as amended by the Finance Act, 1972, w.e.f. 1-4-1972, Finance Act, 1973,w.e.f. 1-4-1973, Finance Act, 1982, w.e.f. 1-6-1982, Direct Tax Laws (Amdt.) Act, 1987,w.e.f. 1-4-1988, Finance Act, 1988, w.e.f. 1-6-1988, Finance Act, 1992, w.e.f. 1-6-1992,Finance Act, 1994, w.e.f. 1-6-1994, Finance Act, 1995, w.e.f. 1-7-1995, Finance Act, 2002,w.e.f. 1-6-2002, Finance Act, 2003, w.e.f. 1-6-2003, Finance (No. 2) Act, 2004, w.e.f. 1-10-2004, Finance Act, 2005, w.e.f. 1-6-2005, Finance Act, 2007, w.e.f. 1-6-2007 and FinanceAct, 2008, w.e.f. 1-6-2008, read as under :‘194C. Payments to contractors and sub-contractors.—(1) Any person responsible forpaying any sum to any resident (hereinafter in this section referred to as the contractor)for carrying out any work (including supply of labour for carrying out any work) inpursuance of a contract between the contractor and—(a) the Central Government or any State Government; or(Contd. on p. 1.750)