We Hire Charges of crane-hydra now what is TDS rate charge?

What is the rate of TDS for hire of Crane- Hydra and threshold?

Thanks

Dinesh Sutaria

Replies (4)
Quick Summary
This discussion clarifies the Tax Deducted at Source (TDS) applicable to hiring crane and hydra services. It is confirmed that TDS is applicable under Section 194I at a rate of 2%. This rate applies if the total rent paid for such equipment exceeds ₹2,40,000 in a financial year.

We are paying for Hire charges of Hydra - Crane, Can TDS applicable on it? What is the rate? under which section?

Inv value of Rs64000/-

 

Thanks

Dinesh Sutaria

I think TDS is not applicable
Tds is applicable u/s 194I @ 2% in case if aggregate amount of rent paid in a year exceeds 240000/-
Originally posted by : CA ABHAY GUPTA
Tds is applicable u/s 194I @ 2% in case if aggregate amount of rent paid in a year exceeds 240000/-

I also agree with @ Mr Gupta Ji

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