TDS Rate for Hire of vehicle
This query is : Open
18 July 2009
Please tell the TDS rate applicable for hire charges of vehicle
i) If the vehicle is provided with driver and monthly charges include his allowance
ii) If the agreement is only for providing the vehicle, driver charges are over & above the monthly rent
i) If the vehicle is provided with driver and monthly charges include his allowance
ii) If the agreement is only for providing the vehicle, driver charges are over & above the monthly rent
18 July 2009
1. TDS applicable on whole amount @ 10.3% u/s. 194I
2. TDS is payable on total amount even if the vehicle owner has seprated the charges in agreement as diesel exps, driver salary, maintenance exps, etc. The moot point is that you are paying the rent towards all these expenses hence TDS applicable on total rent. Also the driver is not employed by you and therefore he is not your employee.
2. TDS is payable on total amount even if the vehicle owner has seprated the charges in agreement as diesel exps, driver salary, maintenance exps, etc. The moot point is that you are paying the rent towards all these expenses hence TDS applicable on total rent. Also the driver is not employed by you and therefore he is not your employee.
18 July 2009
It is contract for providing the vechile on monthly basis.
Tds will be deducted u/s 194 C i.e 2% till 1st oct 2009 .
Onward 1st Oct 2009, if it individul or huf then 1% otherwise 2%
Tds will be deducted u/s 194 C i.e 2% till 1st oct 2009 .
Onward 1st Oct 2009, if it individul or huf then 1% otherwise 2%
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18 July 2009
Agreed with ratan.
18 July 2009
Seems the view of Mr.Ratan and Mr.Rajesh is appropriate.
18 July 2009
Dear Mr. Ratan,
AS per expllanation III of Section 194 C , work shall also include :
a)
b)
c) Carriage of goods and passenger by any mode of transport other than by railways.
It means section 194C apply to hiring of vechile.
In section 194I, nowhere is provided regarding rent /hiring of vechile , there is only rent of land, building , machinery, plant, equipment, furniture & fittings .
Please give feedback on it.
AS per expllanation III of Section 194 C , work shall also include :
a)
b)
c) Carriage of goods and passenger by any mode of transport other than by railways.
It means section 194C apply to hiring of vechile.
In section 194I, nowhere is provided regarding rent /hiring of vechile , there is only rent of land, building , machinery, plant, equipment, furniture & fittings .
Please give feedback on it.
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20 July 2009
Dear Mr. Bansal
Doesnt the definition of plant include vehicle?
Doesnt the definition of plant include vehicle?
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