Sir,
We pay the taxi hire charges Rs. 22500, Rs.25000 and Rs. 27000 every month. Tell me the amount of TDS to be deducted from these amount respectively.
Pardeep Kumar
Sir,
We pay the taxi hire charges Rs. 22500, Rs.25000 and Rs. 27000 every month. Tell me the amount of TDS to be deducted from these amount respectively.
Pardeep Kumar
Rate of TDS willbe 2.06%, so the amount of TDS willbe Rs. 464, Rs. 515 and Rs. 556 respectively
it is a case of section 194I so that TDS will be deducted @ 10%
TDS Shall be deducted u/s 194 I for Rs. 2318, Rs. 2575 & Rs. 2781 per month respectively.
CAclubindia
