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
Muhammed (Chartered Accountant) (251 Points)
25 May 2015a 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
ankur goyal
(Finance & Accounts Analyst)
(23 Points)
Replied 25 May 2015
this will charged under section 194C
Z
( )
(2960 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
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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