TDS ON RENTAL
This query is : Resolved
GIRISH KUMAR DUNDLODIA
(Querist)
10 March 2009
A company has hired cars from a party, the agreement states that the party will bear all maintenance charges and the Company will use its own drivers and also bear fuel expenses. What I want to know is whether TDS has to be deducted under 194C or 194I ????
CA. MITHUN KHATRY
(Expert)
10 March 2009
Since there is contractual relationship between the parties so 194C is applicable.
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