Hydra crane hiring

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2013 Dear Sir,
We are hiring hydra cranes for civil work on the basis rate per hour.
Please say the TDS rate on the same and in which section is covering.

Regards,

SunilPareek

25 July 2013 TDS to be deducted u/s 194C since contract nature is more evident and rates are hourly.

Rate of TDS:

Individual/HUF 1%
Others 2%

Threshold Limit:

Single Bill Rs 30000/-

Annual Payment Rs 75000/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2013 Please clear that this transaction cover in 194c or 194-I

25 July 2013 In my view Section 194C will apply since its Hiring Charges @ Hourly Rate. Take opinion of other experts also.


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