TDS rate on Car hire charges

This query is : Resolved 

22 June 2011 under which section TDS should be deducted on car hire charges.

pls quote section no, corresponding amendment or circular ref, if any.

22 June 2011 TDS is deducted on the basis of agreement between the two parties. if there i contract between two, then u/s 194c otherwise u/s 194I

22 June 2011 Totaly agreed with Pushpa Raj.

You should check the status of such transaction. In case of company deductee in both case (194C &194i) tds rate shall be 2%.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries