04 April 2014
A Company pays Rs. 90000 to X tours & travells. as the company used his taxies during the year. is the company liablet to deduct TDS on such payment.
04 April 2014
Yes company is liable to deduct tds as follows:- if it is passenger vehicle tds should be deduct u/s 194C. other than passenger vehicle TDS should be deduct u/s 194I.
CAclubindia
