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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
