TDS on paymnet for EQUIPMENT Per Metric Ton Basis i/o Period
This query is : Resolved
Niraj Bhusari
(Querist)
24 March 2009
Dear Expets,
Please advice in which rate TDS has to be dedcuted if payment is made :
1) For Equipment for per metric ton basis i/o periodical basis
2) For Barge Hire on Per metric ton basis i/o periodical basis.
Dear Experts why it not attarcts U/s 194 I ???
Please advice in which rate TDS has to be dedcuted if payment is made :
1) For Equipment for per metric ton basis i/o periodical basis
2) For Barge Hire on Per metric ton basis i/o periodical basis.
Dear Experts why it not attarcts U/s 194 I ???
Shyam Lal Naik
(Expert)
24 March 2009
It appears to be a works contract falling under 194C. 2% + applicable Surcharge + 3% Edn Cess & SHEC
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24 March 2009
i support mr. shyam
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Niraj Bhusari
(Querist)
24 March 2009
Dear Sir / Madam
It not attaracts U/s 194 I in any case ?
Please confirm
It not attaracts U/s 194 I in any case ?
Please confirm
Shyam Lal Naik
(Expert)
24 March 2009
Not at all. You are paid for carrying out the work, not for renting the equipment.
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