https://www.taxtmi.com/forum/issue?id=117103 Whether the chain mounted excavator supplied hourly constitutes hire depends on control, allocation of driver, repair and fuel responsibilities and contractual terms; TDS and service coding follow that characterization. If classified as an asset run on hire, it may attract higher or additional first year depreciation where prescribed, with normal written down rates thereafter, subject to statutory definitions of plant and machinery and the factual use pattern. en-us Thu, 18 Mar 2021 01:20:12 +0530 Thu, 23 Jan 2025 15:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117103 Whether the chain mounted excavator supplied hourly constitutes hire depends on control, allocation of driver, repair and fuel responsibilities and contractual terms; TDS and service coding follow that characterization. If classified as an asset run on hire, it may attract higher or additional first year depreciation where prescribed, with normal written down rates thereafter, subject to statutory definitions of plant and machinery and the factual use pattern. Discussion-Forum Income Tax Thu, 18 Mar 2021 01:20:12 +0530 https://www.taxtmi.com/forum/issue?id=117103