TDS on JCB Hire Charges

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TDS on JCB hire charges is applicable under Section 194I as rent of plant and machinery, and the correct rate of TDS is 2 percent.

19 July 2011 Please clarify, Whether TDS to be deducted on JCB Hire charges U/s 194I @ 10% or @ 2%.

19 July 2011 TDS to be deducted u/s 194I @ 2%. i.e. TDS on Rent of Plant & Machinery.


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