TDS on hiring of vehicle

6170 views 22 replies

 it is not correct, bcz both vehicle are on rent not on contract,  means in the case of Rent all responsibility of the vehicle like - Fuel, Operator ( Driver), maintenance etc. of the contractee, but in your case you are filling Fuel, & as like Rent you paid to contractor a fixed amt. So it is not a contract you hired a vehicle on foxed amt, so it is a rent.

deduct TDS @ 10.3% u/s 194I 

Is tds deductible on maintenance charges of rented flat amounted Rs.10000/-?

I have taken personal loan from banks and other private institutions, should i have to deduct TDS on interest that i am paying? if yes ? at what rate ? if No ? is there any circular / provision from Government ? if yes where can i get it? please reply soon

tds will bed educted u/s 194c, as it is not renting out of plant and machinery..meaning of plant should be construed from general meaning of plant.

freight contract, payment above 20000, there will be charge tds as a contractors act?

Originally posted by :Guest
" We are engaging 2 Vehicles with driver (driver is the owner for that vehicle).  One vehicle - Rs.12000 & another Rs.10 k per month.  Fuel we are filling.  No maintenance charges paid.  We are treating the same under contract and deducting Rs.2.06% from their monthly payment.  is it correct? "


 

It willbe under the contract and TDS under Section 194C willbe applicable

tds will come under  194 C if it is a contract or else comes under 194 i

 

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