I want to know that if machinery is taken on rent along with its operator then at what rate TDS will be deducted? whether it will fall under 194C or 194I?
In any case it will fall under 194I of the Income tax Act. In any way it will not fall under 194J. There is some changes regarding the tds rate. You just go through Income tax act(updated)just has recently published by incorporating the changes of this budget.
03 September 2009
Thanks for the reply. I have heard that if euipment is hired with its operator then it will fall under 194 C and in other case it ill fall under 194 I.is it true? please clarify because till date i deduct TDS under 194C.
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