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.