194C & 206C clash
Poonam Lal (8 Points)
30 July 2019Poonam Lal (8 Points)
30 July 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 30 July 2019
1. As per sec 194C any payment made under the contract (as per IT), TDS need to be deducted on the same subject to the threshold limit of Rs.1 lakh per annum.
2. In your case, you claim you will provide vehicles on hire to the courier company. In that case, he needs to deduct TDS and not you.
3. In case if you are paying rent for parking your vehicle TDS will be required to be deducted by you u/s 194C @ 2% in case of a company.
Please correct me if the above solution has an alternative view.
Poonam Lal
(8 Points)
Replied 30 July 2019
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