Tds u/s 194 c/194 i
This query is : Resolved
08 September 2011
Kindly assist , where a transport contractor of goods or either a passeneger carriage mention on the bill a fixed amount of rent partly, and partly based on usage in KM, is it a case covered under 194 I or 194 C.
08 September 2011
IN THE CASE OF WHERE A transport contractor of goods, and transporter having pan no. then no need to deduct tds.
In the case of hiring of vehicle for passenger the tds would be deducted under sec 194I @ 2%
In the case of hiring of vehicle for passenger the tds would be deducted under sec 194I @ 2%
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