Tds deduction to an transport agency
SRIKAR REDDY (CA -FINAL) (28 Points)
27 March 2017SRIKAR REDDY (CA -FINAL) (28 Points)
27 March 2017
CA Devaraju Narisetti
(CA)
(320 Points)
Replied 27 March 2017
As per the Facts Given by you,
it may fall under
Section 194C- In case A ltd ( As stated By you), and Transport Agencies from whom The A ltd has Hired the Vehicals and there is formal Agreement / contract, Then this Section applies Rate is as u know - 2% OR
Section 194I- This Section comes in to picture when the Renting of Building, Plant and Machinary Etc, the situation narreted by you may fall under This section as well iin the absence of the Contract. Rate under This section is 2% w.e From 2009.
and apply this to section to your Situation, and in case i am Wrong Please guide me as well.
Thanks
Deva
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