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TDS on Contract u/s 194C, Income Tax |
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TDS on Contract u/s 194C |
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We have availing crane services in our factory for loading and unloading of material. please advice whether TDS to be deducted or not. Whether it is fall under Transporter service contract category
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Indeed you have to deduct the TDS as TDS on contractors u/s 194 c the nature of service mentioned by you does not fall under Transporter service. You have deduct the TDS @ 1% or 2 % as per the constitution of the contractor.
ANAND SHEMBEKAR
CELL NO 9209904370
I endorse the view of Ashok Vijay. But we will have to see the nature of agreement for cranes. If cranes are hired with all risks and rewards, then the contract may also fall under section 194I. Page: 1 Old Query - New Comments are closed. |
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