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Arundhati Raychaudhuri (no designation)     09 June 2013

Hire charges

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?

 3 Replies

CA Kiran.H.G

CA Kiran.H.G (Chartered Accountant)     09 June 2013

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.


Sindhuja (Final Student)     10 June 2013

does tax need to be deducted for maintenance charges also??

CA Suryakant Dubey

CA Suryakant Dubey (CA )     10 June 2013

Tax is required to be decucted in case of AMC under 194c

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