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TDS has to be deducted u/s 194I @ 2% i.e

TDS on plant & machinery

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11y ago
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3d ago

The TDS (Tax Deducted at Source) rate applicable on JCB hire charges is 2% as per Indian tax laws for payments made to contractors and sub-contractors. This means that when making payments for JCB hire charges, 2% should be deducted as TDS and remitted to the government.

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Q: Percentage of tds for jcb hire charges?
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