15 April 2014
Dear sir,
if we hiring a water tanker on a monthly basis for supporting our business ..under which head TDS to be deducted u/s 194 c or 194 I...?..pls explain n why that section will effect
15 April 2014
If water tank is kept with the company's premises when it is not use(means for ideal time also) then it is rent and TDS liability u/s 194I otherwise means you have an agreement with the water tanker to supply water every day based on no of tanks or no of trips etc... then it is contract and TDS liability u/s 194C.
CAclubindia
