Tds on tractor hire charges
This query is : Resolved
02 February 2013
Dear Sir/Madam,
I am working a manufacturing company. Here used by tractors for internal trips. We are paying the total amount without deduction any TDS. Please clarify this transaction has eligible TDS or Not and TDS Rate, section ,limit etc.
Regards
V.Balu
I am working a manufacturing company. Here used by tractors for internal trips. We are paying the total amount without deduction any TDS. Please clarify this transaction has eligible TDS or Not and TDS Rate, section ,limit etc.
Regards
V.Balu
Hemant Kumar
(Expert)
02 February 2013
TDS Should be applicable on Tractor Hire charges u/s. 194I. Threshold limit 180000/-
2% with pan. No pan then 20%.
2% with pan. No pan then 20%.
Message likes :
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Hemant Kumar
(Expert)
02 February 2013
Welcome..........
CA. RAGHAV GARG
(Expert)
03 February 2013
If you have taken Tractors on Lease, and paying all expenses of tractors of your Own, then it will be under Rent chargeable @2% U/s 194I
If tractor owner have to bear all expenses of the tractor and you are paying like freight, then chargeable u/s 194C @ 2% or 1% whatever applicable
If tractor owner have to bear all expenses of the tractor and you are paying like freight, then chargeable u/s 194C @ 2% or 1% whatever applicable
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