Tds applicable on section 44ae.

Mukesh Ji, In case of 194I the following items are covered. 

land; or

b) Building (including factory building); or

c) Land appurtenant to a building (including factory building); or

d) Machinery; or

e) Plant; or

f) Equipment; or

g) Furniture; or

h) Fittings whether or not any or all of the above are owned by the payee

 Sub-letting is also covered.

But assessee hold vehicle then are you sure this section is applicable. 

Please guide me properly as this is very important matter for me.

Mukesh Ji,

My client used this tata ace for transporting goods. He is receiving Rs. 20-25 thousands approx but want to shows Rs. 7,500 /- minimum as per section 44AE. Then any problem will arise from TDS side. If yes then please clarify me.

DEAR SIR , AS YOU FIRST ARTICLE , YOU SAYS 'income of rent from hiring'  . IT MEANS  YOUR CLIENT CHARGE MONTHY HIRE CHARGE  INCOME  OF VEHICLE. BUT IN THE THIRD REPLY YOU SAYS THAT YOU CLIENT CHARGE FOR GOODS TRANSPORTATION .

I WANT TO SAY THAT VEHICLE RENT HIRING AND GOOD TRANSPORT IS TWO DIFFERENT ACTIVITY AND DIFFERENT INCOME SOURICES .

SO KNOW THAT AS YOU THIRD REPLAY"My client used this tata ace for transporting goods. He is receiving Rs. 20-25 thousands approx but want to shows Rs. 7,500 /- minimum as per section 44AE. Then any problem will arise from TDS side. If yes then please clarify me.'

TDS DEDUCTION U/S 194 I AND 194 C NOT MATTER FOR YOU CLIENT , HE IS PROVIDE VEHICLE .

TDS SECTION IS MATTER THE RELATIVE TO FIRM  THATS MAKE PAYMENT TO YOU CLIENT FOR  GOODS TRANSPORT. 

SO THERE IS NO ANY PROBLEM CREATE TO YOU CLIENT FROM TDS SIDE.