i have hired some cars and dumpars on monthly rentel.
under which section i should deduct TDS either 194C or 194I
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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.
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