We Hire Charges of crane-hydra now what is TDS rate charge?

dinesh sutariya (Accountant) (25 Points)

10 August 2020

What is the rate of TDS for hire of Crane- Hydra and threshold?

Thanks

Dinesh Sutaria

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4 Replies

dinesh sutariya (Accountant) (25 Points)
Replied 10 August 2020

We are paying for Hire charges of Hydra - Crane, Can TDS applicable on it? What is the rate? under which section?

Inv value of Rs64000/-

Thanks

Dinesh Sutaria

Asha Kanta Sharma (Manager - Finance & Accounts) (36393 Points)
Replied 10 August 2020

I think TDS is not applicable

CA ABHAY GUPTA (Practice) (3235 Points)
Replied 10 August 2020

Tds is applicable u/s 194I @ 2% in case if aggregate amount of rent paid in a year exceeds 240000/-

Ravi SADhiyan (Practice) (4510 Points)
Replied 10 August 2020

Originally posted by : CA ABHAY GUPTA
	Tds is applicable u/s 194I @ 2% in case if aggregate amount of rent paid in a year exceeds 240000/-

I also agree with @ Mr Gupta Ji

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