TDS ON CAR HIRE CHARGES

GAURAV BANSAL (STUDENT) (83 Points)

24 March 2011

HEY FRIENDS

PLEASE REPLY ME ASAP

COMPANY HAS PAID TAXI HIRE CHARGES AND BUS HIRE CHARGES TO A PERSON. TDS SHOULD BE DEDUCTED UNDER SECTION 194 C OR 194 I ?

GIVE ME PROPER EXPLANATION WITH ALL APPLICABLE CIRCULER............

THANKS IN ADVANCE

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2 Replies

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 24 March 2011

you have not mantioned the period of hire,

in general its transport service so sec 194C applies

GAURAV BANSAL (STUDENT) (83 Points)
Replied 24 March 2011

COMPANY HAS PAID HIRE CHARGES IN THE MONTH OF DECEMBER,,,

AND I THINK TDS SHOULD BE DEDUCTED U/S 194 I (RENT PLANT MACHINERY ) W.E.F. 1 JULY 2010.

THANKS

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