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
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 :
1 times
02 February 2013
Welcome..........
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Grand in aid
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
