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TDS

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(Querist)
29 March 2011 Dear sir
we are EPC Contractors, my query is we have hire tata Excavator -70(Tata) monthly basis charges this monthly charges/bill is Rs.120000/-SIR pl tell me which rate tds ded from its payment & in which code we have depoist also.
thanks
regards
ajit
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
29 March 2011 2 % under section 194 I.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 March 2011 TDS to be deducted u/s 194C.

Rate:
Individual/HUF @1%
Others 2%.
No PAN =20%
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
29 March 2011 Mr. Sanjay...

Don't you think... monthly hire charges of excavator will come under machinery rental ?
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
29 March 2011 kept open..............
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 March 2011 Correction. Sec 194I will be attracted.
I misread as hired from EPC contractor.
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Rameshwar Patel

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Rameshwar Patel (Expert)
01 April 2011 Section 194I

Rate of TDS is 2% as it(EPC contractor) is covered under plant, Machinery & equipment on rent.

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