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tax deduction at source

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(Querist)
08 January 2008 we are private limited company. We were using a car for hire. per month hire charges Rs.11000/- inthis way it is applicable any tds. please give tax rate and explanation of applicable section.
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Sathish k

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Sathish k (Expert)
08 January 2008 It is required to deduct tax @ 2.266%
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Amit Sharma

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Amit Sharma (Expert)
08 January 2008 It is nothing but TDS applicable U/S 194C which is for Contractors and hence rate of percentage charged on it will be 2.266%.




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