TDS Issue

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2010 Please provide guideline to deduct TDS in case of payment of car hire charges to director by the company

Whether deductible under 194C or 194J?

Does it make any difference if there is a written agreement between company and director

01 December 2010 Tds will be deducted u/s 194c.
it is better to make an agreement regarding car hire charges with director.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2010 motor car is part of block of asset named plant and machinery in the income tax act

i just want to know if it is plant and machinery as per income tax then why it is deducted under 194C and not under 194I

and making agreement is allowable to deduct TDS @ 1% in case of proprietor as it is deductible @2% in case of 194J




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