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Regarding tds u/s 194i

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(Querist)
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.
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CA CS Amit S. Kedia

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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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