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Tds for jcb operators

Muhammed (Chartered Accountant) (251 Points)

25 May 2015  

a firm engaged in the field of construction, they availed services of JCB operators amounting to Rs.10 lakh, whether TDS provisions applicable if yes, under which section it is being charged whether  194 I or 194 C; if no why it is being not made 


 4 Replies

ankur goyal (Finance & Accounts Analyst)   (23 Points)
Replied 25 May 2015

this will charged under section 194C

Z (         ) (2945 Points)
Replied 25 May 2015

Agree with above i.e [S.194 C]

Since you are availing the services of JCB operators and have not obtained machines on rent

This could be evident even from the contract between the parties, the contract would be of rendering of service of JCB and not a rent agreement for JCB


Shivam Garg (Article) (31 Points)
Replied 25 May 2015

Agree with above under section 194C

LALIT (STUDENT) (25 Points)
Replied 25 May 2015

Whether TDS is deutible under scetion 194C or 194I would depend on terms of contract. If the contract is for executing construction work, 194C will apply. If contract is for taking the machine(JCB) on rent, then 194-I would apply.

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