Applicability of TDS on JCB Machine for eraction of plant

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chirag sukhadia (Querist)
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21 June 2008 can you please tell me the applicability of TDS on JCB machine ranted for erection of plant and site development. What tds rate will be applicable? Rent or Labour Contract.

Azmathullah Khan

Azmathullah Khan (Expert)
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21 June 2008 TDS @ 2.06% u/s 194C, on labour and 10.03% on machine hire. both will applacable.

same way, for ready mix, for concreate no tds, for service & labour charges tds @ 2.06% will apply.

Jitender

Jitender (Expert)
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21 June 2008 in my opinion renting of machine is covered under sec194 I.

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Satish K Sekhar.ACCA

Satish K Sekhar.ACCA (Expert)
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21 June 2008 I agree with jitender's opinion. IT section to refer for the deudction of rent for plant & machinery is section 194-I, whereas Mr.Azmatullah stated the rate correctly and section wrongly.