Hire charges tds limit
Webb11 feb. 2024 · The threshold limit for TDS on Labour Charges on payment made towards Car Hire Charges is as follows: Payment should not exceed Rs. 30,000 in case of a … Webb26 maj 2024 · TDS will be deducted under Section 194J at rate 2% in case of fees for technical services (not being professional services) and rate reach up to 10% of such sum in any other case.
Hire charges tds limit
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Webb6 juni 2009 · 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. 2 Dated: 8-6-2009 By:- Sanjeev Kinger It is not clear from querry that whether you have hired a crane or you have entred in contact.
Webb20 apr. 2024 · The AO during the assessment proceedings found that the assessee has incurred car hiring charges amounting to ₹ 1,21,775/- which was subject to the … Webb11 feb. 2024 · The threshold limit for deduction of TDS for payments made to contractors is currently set at Rs. 30,000 in a single transaction and the aggregate amount of payments made during a financial year, does not exceed Rs. 1,00,000.
WebbThis payment or monetary exchange should not exceed the limit of ₹30,000 at any given time. Should the payment amount exceed ₹75,000 over the course of a financial year, it will be the client’s or payer’s responsibility to deduct a taxable fee from the total sum, as should be followed in case of the advance payment exceeding ₹30,000 as well. Webb15 dec. 2011 · 15 December 2011 On Crane Hire Charges, TDS on what rate & under what section to be deducted. 15 December 2011 If its taken on fixed rental basis without operator sec 194I will be applicable. Rate of TDS 2% otherwise sec 194C will be applied but rate will remain same in both the cases.
Webb8 dec. 2024 · As per the provisions of section 194I of the Income Tax Act TDS deduction is not applicable if the amount of such rental income or the aggregate of the amounts of such income is less than Rs 2,40,000. The limit includes any amount credited or paid or likely to be credited or paid during the financial year by the owner to the account of the payee.
Webb5 feb. 2024 · e) Threshold Limit for Tax Deduction No tax is to be deducted if the value or aggregate value of the benefit or perquisite paid or likely to be paid to a resident does not exceed twenty thousand rupees … boat rides marco islandWebb1,50,000/ INR. Soil Compactor monthly rental rate. 1,15,000/- INR. Motor Grader monthly hiring rate. 2,10,000/- INR. Transit Mixer monthly rate. 1,10,000/- INR. construction equipment monthly rental rates. if you are looking for heavy equipment on rental please take 4 to 5 quotes from a different location. clifton springs mental health decatur gaWebb11 feb. 2024 · The threshold limit for TDS on Labour Charges on payment made towards Car Hire Charges is as follows: Payment should not exceed Rs. 30,000 in case of a single transaction, and Aggregate payments made during … boat rides near phoenixWebb11 feb. 2024 · Threshold Limit for deduction of TDS on Car Hire Charges under Section 194C of the Income Tax Act, 1961 The threshold limit for deduction of TDS on … boat rides near byhttp://corporatelawreporter.com/2011/05/07/fixed-charges-hire-vehicles-rent-section-194i-tds/ boat rides loch nessWebb19 juli 2024 · As per section 194-I dealing with deduction of tax at source from payment of rent, the rate of TDS applicable is 1.5% for machinery hire charges and 7.5% for … clifton springs merchandiserWebb19 nov. 2013 · 19 November 2013 Under Sec 194C, TDS rates are: Where the service provider is an individual/ HUF - 1% and Where the service provider a person other than … boat rides near boca raton