TDS on hiring vehicle like tippers
This query is : Resolved
26 October 2009
Hiring the tippers comes under 194c or 194 I and which rate should be followed from 1.10.2009
26 October 2009
Sec 194I is attracted as it is classified as rent. Rate is 10%.
Note: see the agreement.. If it is to clear or dump mud and sand or anythin of tat sort, then it ll be classified as contract.
If it is specifically mentioned tat, they r hiring the machinery then it is rent..
Note: see the agreement.. If it is to clear or dump mud and sand or anythin of tat sort, then it ll be classified as contract.
If it is specifically mentioned tat, they r hiring the machinery then it is rent..
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