IS TDS ATTRACT FOR TRACTOR HIRE CHARGES?

Dear Varsha!

Letting of tractors is certainly a case of non-agricultural income and needs to be assessed in the hand of the recepients. If the entire machinery is provided for lease over a period of time, then Section 194I would be applicable or if the vehicle is hired for secific tasks then 194C would be applicable.

Good Bye! Cheers!!

Dear varsha!

Hiring of tractors is a case of non agricultural income and needs to be asseseed in the hands of the recepients. If the tractors is hired over a period of time then section 194I would be applicable or if the tractor is hired for specific tasks, then 194C would be applicable for the rent paid.

Good bye! Cheers!!