TDS liability of a builder for sub-contracting of main contract is 1% u/s 194C

RELEVANT PARAGRAPH 6. We have heard rival submissions and perused the orders of the authorities below. Copies of Registration Certificate under Kerala Value Added Tax and Form ST-2 under Service Tax Act placed at pages 20 and 21 clearly mentions that assessee has been registered as a works contractor doing construction of residential complex. If we look at the Contract agreement placed at pages 2 to 9, the pertinent clause runs as under: “AND WHEREAS the Second Party entrusted the First party to develop the said land and construct Three four storied buildings thereon consisting of flats ...