i have hired some cars and dumpars on monthly rentel.
under which section i should deduct TDS either 194C or 194I
Menu
Hiring service
Replies (5)
Since Car & dumpars comes under plant & machinery definition, TDS to be made under 194I @ 2%.
HOW U CAN SAY THAT IT IS COME UNDER PLANT AND MACHINARY ???
Well, if u read 43(3) plant definition includes vehicles..
Hence car & dumpers are covered under plant & machinery definition.
Hence car & dumpers are covered under plant & machinery definition.
Recent Threads
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
- Section 194T: TDS on Payments to Partners: Applica
- Tax planning with HUF
- FCN ( Financial Credit Notes) Treatement in Books
Related Threads
CAclubindia
