 Any person responsible for paying any sum to any resident (contractor) for carrying out any work in pursuance of a contract between the contractor and the specified person, shall at the time of credit or payment, whichever is earlier, deduct income tax;  at the rate of 1% if the contractor is an individual or HUF  at the rate of 2% if the contractor is other than an individual or HUF  Where amount of material is not bifurcated on the invoice.
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