Hi All!
I am a contractor & supplier. I have my own tippers (machinery). I want to give it to a firm on RENT . They will carry materials for their own work.
My Query:-
1. TDS deduction will fall under which Section 194C or 194I
2. In case it is 194I, the threshold limit is 180000/- p.a.. What if I bill 150000/- from one party for a year and 80000/- to other party. Will the respective partiesstill deduct TDS ?
3. Am I liable to collect or pay Service Tax, since I am not service provider or a goods transporting agency.
Thanks in advance....