whether payment made for booking a cruise/ship covered in u/s 194c or 194j..??
whether payment made for booking a cruise/ship covered in u/s 194c or 194j..??
Dear friend,
As per the Provisions of Section 32 of the Income Tax Act, plant includes ships and hence Booking a ship means taking it on rent. So, TDS @ 2% will be deductible under section 194I, not C or J
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