23 January 2010
Dear All, Please clearify someone that we (A public ltd co) have hired an innova (taxi) for our staff to drop at Plant and return back to home. And vehicle stationed at our Plant during office hours. So at what rate we have to deduct TDS from contractor ? and why ?
23 January 2010
as per my understanding your company has hire a taxi for staff and this is regular basis i.e. daily pick staff and drop at night. if this is the case it is a clear contract so it will be dealt in 194C. if you are paying to an individual or HUF than tds rate is 1% otherwise it is 2%
CAclubindia
