TDS u/s 194 C & I
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2010
what is the right section for charging TDS on Hire vehicle whether 194 C or 194 I ,if there is a contract between owner and service receiver that owner will receive a lamb-sum of Rs 30,000/- P.M.
Rahul Gupta
(Expert)
11 May 2010
My view is that in the given case , TDS will be deducted u/s 194C as TDS on Contract.
However, if the vehicles are given for the exclusive use of the vehicles only for the person hiring the vehicle , then it may be treated as Rent, otherwise it is will be termes as on contract basis.......
Experts views are solicited.......
However, if the vehicles are given for the exclusive use of the vehicles only for the person hiring the vehicle , then it may be treated as Rent, otherwise it is will be termes as on contract basis.......
Experts views are solicited.......
Message likes :
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K V Subba Rao
(Expert)
11 May 2010
Pl. check the following link-
https://taxworry.com/what-is-the-difference-between-194c-194i/
https://taxworry.com/what-is-the-difference-between-194c-194i/
Message likes :
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CMA Arif Farooqui
(Expert)
16 May 2010
i think 194 C would be applicable as in sec 194 I machine is mention not vehicle
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