TDS on rent or contractors payment
This query is : Resolved
27 April 2009
One JCB is hired by the company to excavation purpose. payment is made to owner of jcb on hour basis.
My question is wheter tax is to be deducted at contractors rate or under section 194 J.
My question is wheter tax is to be deducted at contractors rate or under section 194 J.
27 April 2009
In this case the provisions of section 194C applies as it seems that only the services of the machine have been hired. There is a difference between hiring of machine and the services of the machine. In case a machine is hired exclusively by the assessee and can be used anytime during the hire period on the disposal of the assessee, section 194J apply, where the assessee hired the machine to complete a specific jobs, section 194C apply.
28 April 2009
If the machine is hired along with the labourers for excavation then u/s 194C or else under 194I.
28 April 2009
Agree with Mr.Nitin....
However, 194J will not get attracted in any case....
However, 194J will not get attracted in any case....
30 April 2009
It comes unedr catogero of "rent of plant and machinery / equipment" therefor TDS should be deducted U/S. 194I.
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- SHARE TRANSFER PRIVATE LIMITED COMPANY
- Car Purchases in Daughter Name
- Invoicing in different currency
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
