TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2010
Sir,
We have hiring a tractor on rent 1000/- per day please say payment of above is cover in which section and if it is cover in sec 194I than clear in which category it is cover.
We have hiring a tractor on rent 1000/- per day please say payment of above is cover in which section and if it is cover in sec 194I than clear in which category it is cover.
13 September 2010
TDS to be deducted u/s 194C.
Rate:
Individual / HUF @1%
Others 2%
If PAN not given @ 20%.
Rate:
Individual / HUF @1%
Others 2%
If PAN not given @ 20%.
CA. Aryendra
(Expert)
13 September 2010
Dear Friend
The provisions of section 194C shall apply to all types of contracts for carrying out any work including, transport contracts, service contracts,(some professional & technical service contract covered in section 194J now) advertisement contracts, broadcast ing contracts, telecasting contracts, labour contracts, material contracts and works contracts.
"The provisions of section 194C would not apply in relation to payments made for hiring or renting of equipments, etc"
And it very cleast that Hiring of tractors is a case of non agricultural income. therefore, it will be fall in u/s 194 I
Individual / HUF
Please go through both the section for more clearity
The provisions of section 194C shall apply to all types of contracts for carrying out any work including, transport contracts, service contracts,(some professional & technical service contract covered in section 194J now) advertisement contracts, broadcast ing contracts, telecasting contracts, labour contracts, material contracts and works contracts.
"The provisions of section 194C would not apply in relation to payments made for hiring or renting of equipments, etc"
And it very cleast that Hiring of tractors is a case of non agricultural income. therefore, it will be fall in u/s 194 I
Individual / HUF
Please go through both the section for more clearity
13 September 2010
If you are using Tractor in business,
Then it will be covered u/s 194I.
as Rent for plant & machinery.
Tds will be deducted 2% if pan provided, otherwise 20%
Then it will be covered u/s 194I.
as Rent for plant & machinery.
Tds will be deducted 2% if pan provided, otherwise 20%
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- MSME disclosure and disallowance
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- 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
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
