Tds on hired vehicles

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 October 2018 We are hiring Vehicles for Business Purpose for a specific period. There is no formal contract. We usually pay 500 per day + Rs 5 per Km for fuel expenses. Please suggest what is the TDS rate and Nil Rate Slab also under which section

18 October 2018 Seems 194 C can be applied since the contract was for “carriage of passengers” for which payment is made at a fixed rate.

20 October 2018 Deduct TDS as per section 194C




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