i have hired some cars and dumpars on monthly rentel.
under which section i should deduct TDS either 194C or 194I
Menu
Hiring service
Replies (5)
Since Car & dumpars comes under plant & machinery definition, TDS to be made under 194I @ 2%.
HOW U CAN SAY THAT IT IS COME UNDER PLANT AND MACHINARY ???
Well, if u read 43(3) plant definition includes vehicles..
Hence car & dumpers are covered under plant & machinery definition.
Hence car & dumpers are covered under plant & machinery definition.
Recent Threads
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
Related Threads
CAclubindia
