a pvt ltd. co . having main objects of building contractor appoints another firm to perform earth moving activities.
the earth moving firm raises its bills on the basis of hours worked on the specified activity on daily basis.
the hourly rate is a composite rate comprising of all i.e. vehicle charges, fuel charges, cost of drivers and helpers etc.
please advice on the section and rate of tax deduction at source..
Section 194 C.
I think tax is to be deducted u/s. 194C(2) @ 1%+SC+Cess
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