What should be the TDS rate
This query is : Resolved
01 August 2007
One business concern normally takes Car on hiring basis. So TDS should be deducted as payment to contractor or payment for rent of use plant & machinery.
02 August 2007
02 August 2007
02 August 2007
Rate of TDS on Rent will apply only if goods rented is some building or other immovable goods. As per defination of work defined under sec. 194c the expression work shall include carriage of goods and passangers by any mode of transport other than by railway. Therfore it will include under work contract and rate of TDS define under sec 194c will be apply
21 August 2007
rate will be 2.266% if payment is more than 1 crore to co. & partnership firms otherwise rate is 2.06%
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
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
