TDS u/s 194 C & I

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 May 2010 what is the right section for charging TDS on Hire vehicle whether 194 C or 194 I ,if there is a contract between owner and service receiver that owner will receive a lamb-sum of Rs 30,000/- P.M.

Rahul Gupta

Rahul Gupta (Expert)
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11 May 2010 My view is that in the given case , TDS will be deducted u/s 194C as TDS on Contract.

However, if the vehicles are given for the exclusive use of the vehicles only for the person hiring the vehicle , then it may be treated as Rent, otherwise it is will be termes as on contract basis.......

Experts views are solicited.......

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K V Subba Rao

K V Subba Rao (Expert)
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11 May 2010 Pl. check the following link-

http://taxworry.com/what-is-the-difference-between-194c-194i/

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