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Applicability of TDS

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(Querist)
03 March 2008 Which section would apply for deduction of TDS for Car Hire charges is it 194C or 194I...can anyone help us...
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
03 March 2008 194 C SHALL BE APPLICABLE
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
03 March 2008 For deciding whether the payment of hire charges by the employer to the agency attracts deduction of tax under Section 194-I or Section 194C, the terms of the contract between the parties need to be examined.

If the agreement is for leasing of the car per se, the payment would attract tax deduction under Section 194-I.

However, if the agreement is for a service of transportation to be provided by the agency, the payment would attract tax deduction under Section 194C .
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Srinivas Sharma KN

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Srinivas Sharma KN (Expert)
03 March 2008 194C
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Sanjeev Kumar Sharma

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Sanjeev Kumar Sharma (Expert)
03 March 2008 i agree with mr srinivas sharma
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Rakesh

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Rakesh (Expert)
03 March 2008 I agree with CA. GOPAL SONIKA which soluation is a professional answer
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