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.
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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
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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 .....
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