i have taken a car on rent for the purpose of transportation of goods whose payment is given to the owner monthly. And shown it as Freight in Books. I need to know whether TDS or Service Tax leviable on it or not
anonymous (Accounts) (101 Points)
22 April 2014i have taken a car on rent for the purpose of transportation of goods whose payment is given to the owner monthly. And shown it as Freight in Books. I need to know whether TDS or Service Tax leviable on it or not
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 22 April 2014
Sir,
You are admit as a contractor and TDS is applicble @ 2%.
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