05 September 2007
With the amendment to Section 194 I definition on Rent w.e.f.13.07.2006, the Rent includes Hiring of Plant & Machinery also. In my opinion, hiring of vehicles i.e., taxi or hiring of a car on a continuous basis does not come under Section 194 I because, the Rent definition does not include 'Vehicles' I also think Plant & Machinery U/s 194 I does not include Vehicles. 1.Am I correct in this understanding? Now, with this please clarify me also, 2.Whether TDS on hiring of tractors ( with RTO Regn. ) for removal of waste etc.comes under 194 C or section 194 I?
19 November 2007
CAN I GET THE REFERENCE OF jUDGMENT OR A SOFT COPY THEREOF? IF SOME BODY TAKE VEHICLE ON HIRE ON DAYS BASIS, HOW THE SECTION 194C CAN ATTRACT? THERE IS NO INVOLVEMENT OF WORK. BEFORE GOING FOR FURTHER DISCUSSION, WE SHOULD HAVE A LOOK IN TO THE SAID JUDGEMENT.