11 November 2010
There is a difference between hiring of car or hiring of services of car. if the car is hired for full time for a long period with all the maintenance etc being born by the assessee and the car is for specific use of the assessee during the entire period it is the hiring of car as an equipment where as the car is hired only for specific trip only it will be hiring if services of car. In the former case the TDS is to deducted u/s 194I and later case u/s 194C.
CAclubindia
