i have hired some cars and dumpars on monthly rentel.
under which section i should deduct TDS either 194C or 194I
5 Replies
CA Guru M
(B.com, CA, CS)
(1552 Points)
Replied 07 February 2013
Since Car & dumpars comes under plant & machinery definition, TDS to be made under 194I @ 2%.
shubham agarwal
(article trainee)
(22 Points)
Replied 08 February 2013
HOW U CAN SAY THAT IT IS COME UNDER PLANT AND MACHINARY ???
CA Guru M
(B.com, CA, CS)
(1552 Points)
Replied 08 February 2013
Well, if u read 43(3) plant definition includes vehicles..
CA Guru M
(B.com, CA, CS)
(1552 Points)
Replied 08 February 2013
Hence car & dumpers are covered under plant & machinery definition.
CA Guru M
(B.com, CA, CS)
(1552 Points)
Replied 08 February 2013
Hence car & dumpers are covered under plant & machinery definition.
Recent Topics
- GST registration -notice
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
Related Threads
CAclubindia
