Tds on crane hire charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2011
On Crane Hire Charges, TDS on what rate & under what section to be deducted.
15 December 2011
If its taken on fixed rental basis without operator sec 194I will be applicable. Rate of TDS 2% otherwise sec 194C will be applied but rate will remain same in both the cases.
Message likes :
1 times
15 December 2011
Rate will not remain same in both cases. Under Section 194I Rate would be 2% and under Section 194C,if the payee is a Company/Partnership Firm rate would be 2% else it would be 1% for Individual/HUF
Message likes :
1 times
15 December 2011
i am Agree with Sanjana
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
15 December 2011
First time i am disagree with Sanjay, I am big fan of his on CA Club.
You Can See following link about this amendment
http://taxguru.in/income-tax/amendment-in-tds-rates-and-provisions-us-194c-194i-of-the-income-tax-made-in-finance-budget-2009-2010.html
You Can See following link about this amendment
http://taxguru.in/income-tax/amendment-in-tds-rates-and-provisions-us-194c-194i-of-the-income-tax-made-in-finance-budget-2009-2010.html
16 December 2011
Mistake Accepted. TDS rate will remain same only if the deductee is other than Individual/HUF.
17 December 2011
@ Sanjay this is sign of a great person.
26 December 2016
What if hire charge is based on hourly basis. Work is done or not does not make any difference on hire charges. Can you advise what would be section applicable. I do not bother for rate of TDS. Also hire charge include operator.
11 October 2021
Sec 194C .....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
