Taxi hiring

This query is : Resolved 

15 January 2014 Dear Sir,

we have hired a cab for company purpose. and his bill are more than Rs 30000/- are we liable to deduct his tax

15 January 2014 yes deduct tds under sec 194c

15 January 2014 tds applicable u/s 194C
.
.
you also required to pay service tax under reversecharge
..
Reverse charge in renting or hire of Motor vehicle designed to carry passengers
.
.
if the bill is in name of the company, reverse charge will apply, if the service provider is individual, HUF etc.
.
.
Tax on 40%,


15 January 2014

thank you very much



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