what is the rate of tds in case a company is paying generator hire charges?
co. is also paying car hire charges and it is bearing maintenance expenses of the car. then what is the rate of tds?
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Hire charges
Replies (3)
Genarator comes under the category of Plant & Machinery. Renting of generator falls under section194-I i.e., two per cent for the use of any machinery or plant or equipment.
TDS on Hire charges for Vehicles needs needs to be done unders 194C i.e., as contractors. 194-I is not applicable for renting of vehicles.
does tax need to be deducted for maintenance charges also??
Tax is required to be decucted in case of AMC under 194c
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