Regarding tds u/s 194i
This query is : Resolved
26 June 2012
Dear Expert,
we have taken a crane on hire and in the hire charges bill, the owner has mentioned the VAT @14.5%(lease tax) instead of Service tax.
in this case, whether the TDS u/s 194I, is to be deducted or not?
please let me know the action to be taken for this transaction.
we have taken a crane on hire and in the hire charges bill, the owner has mentioned the VAT @14.5%(lease tax) instead of Service tax.
in this case, whether the TDS u/s 194I, is to be deducted or not?
please let me know the action to be taken for this transaction.
CA CS Amit S. Kedia
(Expert)
26 June 2012
TDS will be deducted @2% u/s 194I since it is plant & machinery.
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