Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Income Tax > TDS >

TDS U/S194I ON CAR/CRANE HIRE CHARGES

    Post New Topic
Pages : 1







[ Scorecard : 16]
Posted On 10 May 2007 at 16:20 Report Abuse

IS TDS U/S 194I DEDUCTIBLE IN RESPECT OF CAR HIRE CHARGES PAID BY A COMPANY TO CAB OPERATORS  AND CRANE/FORKLIFT HIRE CHAGES PAID TO INDIVIDUAL OPERATORS AS THE DEFINITION OF PLANT INCLUDES VEHICLES.

Online classes for CA CS CMA



Bala


[ Scorecard : 50]
Posted On 10 May 2007 at 16:20

Yes Plant includes vehicles. TDS on hire of crane, etc subject to 194 I




Madhusudhan
practice


[ Scorecard : 24]
Posted On 10 May 2007 at 16:20


194 i deals with rent(lease or sublease) for the use of land or building inlcuding factory building or for both land and building with furniture or fittings and land apputyrnsy there to.


Car/Crane hire charges come under 194c as it is works contract.



Vk Duggal


[ Scorecard : 320]
Posted On 10 May 2007 at 16:20

Amendment has been made by Finance Act 2006 and as per this the plant, machinery, equipment even independent of land building are liable for deduction of TDS as rent u/s 194I



Bimal Narnolia


[ Scorecard : 13]
Posted On 10 May 2007 at 16:20

Before the Amenmendment by Finance Act 2006 i.e. upto June the hire charges come under Section 194 C & TDS thereon was 2.244%(2.04). But from July onwards as definition of has includes  the plant, machinery, equipment even independent of land building are liable for deduction of TDS as rent u/s 194I


There are 4 Replies to this message






Related Files








Related Threads


Post your reply for TDS U/S194I ON CAR/CRANE HIRE CHARGES



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top