Tds
This query is : Resolved
10 April 2012
i want to know at which and under which section (194c/194i ) tds is to be deducted in case a company paying sum to a crane owner for sifting of their machinery in factory premises.say rs.25000 for one time???
10 April 2012
There are 2 scenarios in this.
1. If u have taken the crane on rent and peform the shifting by urselves, then TDS will be u/s 194I - Rent.
2. If u have given the work of shifting to some party using the crane and u have paid some amount to him, then TDS will be u/s 194C Contract.
1. If u have taken the crane on rent and peform the shifting by urselves, then TDS will be u/s 194I - Rent.
2. If u have given the work of shifting to some party using the crane and u have paid some amount to him, then TDS will be u/s 194C Contract.
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10 April 2012
Agree with above...
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