Tds on crane hire

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Dinesh Kumar Sahoo (Querist)
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29 May 2014 dear Sir,

plz clarify whether tds on equipment hire( Crane )will attarct u/s 194I or 194IA.

Whether section 194I has been modified as 194Ia for equipment hire and 194Ib for hiring immovable property.

Regards
Dinesh

CA Nilesh P. Kanodia

CA Nilesh P. Kanodia (Expert)
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29 May 2014 Dear Mr. Dinesh,

TDS will be applicable as crane is a kind of movable machine hence you have to deduct TDS @ 2% for hiring machine on rent under 194I, no need to use 194I(a) or 194I(b).

note: We can't treat crane as motor vehicle. its useful to shift goods not for carrying goods for remote location.

even if someone will it as motor vehicle he has to pay Service tax under reverse charge mechanism.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 May 2014 Dinesh,

what Nilesh means is that you need to use 194-I(a)

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