TDS on Contract u/s 194C, Income Tax

[ASHOK VIJAY]

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

[ANAND SHEMBEKAR]

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

[GOPALJI AGRAWAL]

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.