banner_ad

TDS

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

CA Amarpal

Profile Image

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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details