TDS
This query is : Resolved
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
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
29 March 2011
2 % under section 194 I.
29 March 2011
TDS to be deducted u/s 194C.
Rate:
Individual/HUF @1%
Others 2%.
No PAN =20%
Rate:
Individual/HUF @1%
Others 2%.
No PAN =20%
29 March 2011
Mr. Sanjay...
Don't you think... monthly hire charges of excavator will come under machinery rental ?
Don't you think... monthly hire charges of excavator will come under machinery rental ?
29 March 2011
kept open..............
29 March 2011
Correction. Sec 194I will be attracted.
I misread as hired from EPC contractor.
I misread as hired from EPC contractor.
01 April 2011
Section 194I
Rate of TDS is 2% as it(EPC contractor) is covered under plant, Machinery & equipment on rent.
Rate of TDS is 2% as it(EPC contractor) is covered under plant, Machinery & equipment on rent.
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