TDS U/s. 194C or 194I
This query is : Resolved
06 October 2008
My company has taken a goods carriage vehicle on hire for a year on contract, the rent payable is weekly.
Suggest me whether the TDS is deducted U/s.194C (Contract) or U/s.194I (Rent)????
Suggest me whether the TDS is deducted U/s.194C (Contract) or U/s.194I (Rent)????
06 October 2008
It is 194C.
06 October 2008
u/s 194C if the running and maintainence cost is born by the Owner(Contractor).
06 October 2008
you both have again made me confused ?????????/
06 October 2008
you both have again made me confused ??????
06 October 2008
thanks
06 October 2008
But what if the diesel expenses is borne by me but all repairing expenses is borne by the owner
06 October 2008
In case the control on vehicle is with the owner and he is engaged for the carriage of goods and passengers and all running cost is met by the owner then Tax is to be deducted u/s 194C. However, if the control is with the contractee then the tax is deductible u/s 194I.
06 October 2008
Dear,
If the repair & maintanence of vehicle is lies on the Owner then go for TDS U/S 194c else U/S 194 I
If the repair & maintanence of vehicle is lies on the Owner then go for TDS U/S 194c else U/S 194 I
07 October 2008
i Agree with Ramesh & Sharma
10 October 2008
Yes that is the correct view.
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