TDS on Car Hire Charges

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2011 Whether TDS on car hire charges is treated as TDS Rent (194I) or TDS contract (194C). Also if there is no fixed rent contract for car hire charges, whether it would be treated as 194I or 194C?

04 January 2011 If the car is hired occassionaly 194C will be attracted. However if its being hired regularly 194I will be attracted




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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2011 Even if it exceeds the limit prescribed in 194I.(1.80 lacs p.a.) and it is hired on occassional basis. It would be treated as 194C.




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