TDS
This query is : Resolved
pradeep sethia
(Querist)
14 February 2009
The Assessee is dealing in the business of Transporting coal and has entered with the State electricity board for transportation of coal from various ports but the shipping available are not sufficient for the purpose of contract to be executed. Therefore the company hired the ships from other shipping co. and paid the hire charges for the use of ships
So please advice me whether the co.is liable to deduct the TDS u/s194C - please give me the answer with reason so that it will help me to understand the concept.
Please answer me as early as possible
So please advice me whether the co.is liable to deduct the TDS u/s194C - please give me the answer with reason so that it will help me to understand the concept.
Please answer me as early as possible
CA Amarpal
(Expert)
14 February 2009
Dear Pradeep,
As per the given facts, the company shall be liable to deduct tax on hire charges paid or payable to other shipping company u/s 194I not u/s 194 C.
Sec. 194I covers the hiring of any machinery. Please refer sec. 194I.
As per the given facts, the company shall be liable to deduct tax on hire charges paid or payable to other shipping company u/s 194I not u/s 194 C.
Sec. 194I covers the hiring of any machinery. Please refer sec. 194I.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
