TDS on hiring of cars -- 194C of 194I
This query is : Resolved
13 August 2008
If a car is hired from a car agency on a regular basis for a month and also log book is maintained for the usage of car, then what kind of TDS will be deducted :--
1). TDS for 194-I, as it is in the nature of rent agreement for hire of car?
OR
2). TDS for 194-C, as it is a contract for hiring of car?
1). TDS for 194-I, as it is in the nature of rent agreement for hire of car?
OR
2). TDS for 194-C, as it is a contract for hiring of car?
13 August 2008
TDS should be deducted under section 194C
13 August 2008
It wl be covered under Sec 194C
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