Tds on tractor hire charges

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balu (Querist)
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02 February 2013 Dear Sir/Madam,
I am working a manufacturing company. Here used by tractors for internal trips. We are paying the total amount without deduction any TDS. Please clarify this transaction has eligible TDS or Not and TDS Rate, section ,limit etc.

Regards
V.Balu

Hemant Kumar

Hemant Kumar (Expert)
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02 February 2013 TDS Should be applicable on Tractor Hire charges u/s. 194I. Threshold limit 180000/-
2% with pan. No pan then 20%.

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balu

balu (Querist)
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02 February 2013 Thank You Sir.

Hemant Kumar

Hemant Kumar (Expert)
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02 February 2013 Welcome..........

CA. RAGHAV GARG

CA. RAGHAV GARG (Expert)
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03 February 2013 If you have taken Tractors on Lease, and paying all expenses of tractors of your Own, then it will be under Rent chargeable @2% U/s 194I

If tractor owner have to bear all expenses of the tractor and you are paying like freight, then chargeable u/s 194C @ 2% or 1% whatever applicable

balu

balu (Querist)
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04 February 2013 OK Thank you sir

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