Are you building a house or commercial property? Know when TDS applies to contractor payments under Income Tax Act 2025

Know when TDS applies to payments made to contractors for construction, repair, or renovation work. The rules specify who must deduct TDS, the applicable 1% or 2% rates, the ₹30,000 single-payment and ₹1 lakh annual thresholds, and separate rules for individuals and HUFs.