TDS on storage tank
This query is : Resolved
07 August 2009
Whether TDS is to be deducted on hire of storage tank @ 2% plus SC and EDU.CESS as applicable or TDS is required be deducted as per provisions of section 194I.Whether amendement wef 1.6.2007 in section 194I will specifically cover it? If yes, than what was required to be done prior to this amedement?
07 August 2009
Storage tank is a plant. As rightly pointed by you, it is covered under 194I.
Prior to the amendment refered by you, hiring of equipments etc, were nit covered under TDS provisions, unless the hiring in essence was a service contract.
Prior to the amendment refered by you, hiring of equipments etc, were nit covered under TDS provisions, unless the hiring in essence was a service contract.
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Inventory of finished goods
- TDR receipts for agreement holder
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
