Tds on crane hire
This query is : Resolved
29 May 2014
dear Sir,
plz clarify whether tds on equipment hire( Crane )will attarct u/s 194I or 194IA.
Whether section 194I has been modified as 194Ia for equipment hire and 194Ib for hiring immovable property.
Regards
Dinesh
plz clarify whether tds on equipment hire( Crane )will attarct u/s 194I or 194IA.
Whether section 194I has been modified as 194Ia for equipment hire and 194Ib for hiring immovable property.
Regards
Dinesh
29 May 2014
Dear Mr. Dinesh,
TDS will be applicable as crane is a kind of movable machine hence you have to deduct TDS @ 2% for hiring machine on rent under 194I, no need to use 194I(a) or 194I(b).
note: We can't treat crane as motor vehicle. its useful to shift goods not for carrying goods for remote location.
even if someone will it as motor vehicle he has to pay Service tax under reverse charge mechanism.
TDS will be applicable as crane is a kind of movable machine hence you have to deduct TDS @ 2% for hiring machine on rent under 194I, no need to use 194I(a) or 194I(b).
note: We can't treat crane as motor vehicle. its useful to shift goods not for carrying goods for remote location.
even if someone will it as motor vehicle he has to pay Service tax under reverse charge mechanism.
29 May 2014
Dinesh,
what Nilesh means is that you need to use 194-I(a)
what Nilesh means is that you need to use 194-I(a)
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
