Tds
This query is : Resolved
V.Marimuthu
(Querist)
24 March 2015
whether TDS applicable for hire charge payments? if applicable means how much percentage?
24 March 2015
Hire Charges of what?
If hire charges paid for Plant & Machinery then TDS 2% u/s 194I if threshold limit of 180000/- p.a. is crossed.
If paid for any Land, Building or fitting @10% u/s 194I if threshold limit of 180000/- p.a. is crossed.
If PAN not provided 20% TDS to be deducted.
If hire charges paid for Plant & Machinery then TDS 2% u/s 194I if threshold limit of 180000/- p.a. is crossed.
If paid for any Land, Building or fitting @10% u/s 194I if threshold limit of 180000/- p.a. is crossed.
If PAN not provided 20% TDS to be deducted.
Rupesh Jain
(Expert)
25 March 2015
hire charges depend on the nature
like on machinery & building come under u/s 194I.
for transporter hire come u/s 194C
like on machinery & building come under u/s 194I.
for transporter hire come u/s 194C
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