10 January 2009
Company is hiring vehicle on monthly fixed payment and variable rate per km on actual vehicle running. The vehicle is available with us for 16 hours in a day. Vehicle registration number is not mentioned in the contract. The driver, maintenance, oil & fuel is under the contractor scope.
On this transaction which TDS is attracted 194C or 194I.
Will there be any change in TDS if vehicle registration number is mentioned in the contract.
CAclubindia
