TDS on hiring of helicoptor
This query is : Resolved
NIRAJ SANGHAVI
(Querist)
08 May 2008
What is tds applicability (194C or 194I) in respect of payment for hiring or chartering of helicoptor?
Amit Sharma
(Expert)
08 May 2008
Dear Niraj,
On hiring a helicopter it will attract TDS u/s 194 I on Income Tax Act @ 22.66%.
Hope you are clear now....
On hiring a helicopter it will attract TDS u/s 194 I on Income Tax Act @ 22.66%.
Hope you are clear now....
Shyam Lal Naik
(Expert)
09 May 2008
Hiring/chartering of ships have been held to be falling under 194C by the Mumbai ITAT. By the same ratio, 194C is applicable.
However, if both possession and control of the halicaptor is passed on to the hirer, 194I will be attracted. In this case VAT will also be attracted as deemed sale.
Since, normally, running & maintenance expenses, provision of pilot will be responsibility of the person offering the halicaptor, it will be a contract for transport of goods and passengers.
However, if both possession and control of the halicaptor is passed on to the hirer, 194I will be attracted. In this case VAT will also be attracted as deemed sale.
Since, normally, running & maintenance expenses, provision of pilot will be responsibility of the person offering the halicaptor, it will be a contract for transport of goods and passengers.
NIRAJ SANGHAVI
(Querist)
09 May 2008
Dear Mr. Shyam Lal Naik,
Can u please let me knwo the citation of MUMBAI ITAT.
Can u please let me knwo the citation of MUMBAI ITAT.
NIRAJ SANGHAVI
(Querist)
10 May 2008
Thanks for ur prompt reply. Pl let me knwo Mr. Shyam Lal Naik, what is the CITATION of Mumbai ITAT w.r.t. the same.
Shyam Lal Naik
(Expert)
11 May 2008
Pls check the following link
https://www.thehindubusinessline.com/2007/08/04/stories/2007080450160900.htm
https://www.thehindubusinessline.com/2007/08/04/stories/2007080450160900.htm
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