Deduction of TDS in JCB & Heavy Crane
This query is : Resolved
16 August 2008
Please guide me regarding deduction of TDS in Hire charges of JCB & Heavy Crane's bill.
CA Hemant T Dewani
(Expert)
16 August 2008
if total payments are made duting the transaction is in excess of rs.20000 or if total payment is in excess of rs.50000 in the year then tds provision is applicable & you will deduct TDS.if continuslly machinery are taken on lease then sec 194I is applicable & total payments are in excess of rs.120000/- in the year then tds provision is applicable
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