194c
This query is : Resolved
27 September 2012
Dear Sir,
If a person rents his two cars to a govt. office @ per km charges.
Whether payment of said transaction is subject to section 194c
or
any other section would applicable for tds deduction.
Please advise me.
If a person rents his two cars to a govt. office @ per km charges.
Whether payment of said transaction is subject to section 194c
or
any other section would applicable for tds deduction.
Please advise me.
27 September 2012
Sec 194-I will be applicable.
Because motor vehicles are considered as plant and machinery for the purpose of income tax. and on renting of plant and machinery, TDS is deducted under sec 194-I .
Because motor vehicles are considered as plant and machinery for the purpose of income tax. and on renting of plant and machinery, TDS is deducted under sec 194-I .
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