TMI BlogTds on crane hire charges - 194C or 194IX X X X Extracts X X X X X X X X Extracts X X X X ..... crane hire charges payments tds to deducted as per contractor 194C . or under Sec 194I - Reply By Ravi Chopra - The Reply = After an amendment in 2007 in section 194I , rent on plant, machinery or equipment is subject to TDS at the rate of 10%. Therefore, crane hire charges is subject to TDS under section 194I . - Reply By Sanjeev Kinger - The Reply = It is not clear from querry tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t whether you have hired a crane or you have entred in contact. If the assests is in your control and you are oprateing the same then it will cobvreed U/S 194I or if you have given a some work to a contractor and the control of assests is also with him then it will covred U/S 194C - Reply By Rajesh Kumar Singh - The Reply = sir, crane hire charges payments tds to deducted from contractor i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncluding service tax or excluding3 Rajesh Singh - Reply By TRILOCHAN SAHU - The Reply = Yes Even in our construction company we deduct 2% TDS on gross amount (Including ST or VAT) on Crane Hire Charge u/s 194I , as crane is coming under plant machinery. - Reply By PRADIP SARKAR - The Reply = If u contract from Xyz with contract paper then 194c will applicable otherwise section 194I - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By TRILOCHAN SAHU - The Reply = Even then you cant avoid the section 194I as it is a specifically meant for rental or hire charges. - Reply By RAMDAS IYER - The Reply = if it is a "contract for work" using the crane and the crane is operated by the person who hires it to you, then the transaction will attract TDS u/s 194C at 2% On the other hand, if it is hire of crane simpli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... citer, ie, the crane is given in your possession and control and you operate it, it will attract TDS u/s 194I Ramdas Iyer - Reply By RANGANATHA THAPASWI - The Reply = Thanks for all Experts. Ranganath T - Tds on crane hire charges - 194C or 194I - Query Started By: - madhavvan Dated:- 6-6-2009 Income Tax - Got 8 Replies - Income Tax - Discussion Forum - Knowledge Sharing, re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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