TDS on hiring of helicoptor

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NIRAJ SANGHAVI

NIRAJ SANGHAVI (Querist)
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08 May 2008 What is tds applicability (194C or 194I) in respect of payment for hiring or chartering of helicoptor?

Amit Sharma

Amit Sharma (Expert)
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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....

Shyam Lal Naik

Shyam Lal Naik (Expert)
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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.

NIRAJ SANGHAVI

NIRAJ SANGHAVI (Querist)
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09 May 2008 Dear Mr. Shyam Lal Naik,

Can u please let me knwo the citation of MUMBAI ITAT.

NIRAJ SANGHAVI

NIRAJ SANGHAVI (Querist)
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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

Shyam Lal Naik (Expert)
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11 May 2008 Pls check the following link

https://www.thehindubusinessline.com/2007/08/04/stories/2007080450160900.htm

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