Applicability of TDS
This query is : Resolved
03 March 2008
Which section would apply for deduction of TDS for Car Hire charges is it 194C or 194I...can anyone help us...
03 March 2008
194 C SHALL BE APPLICABLE
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 .
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 .
Srinivas Sharma KN
(Expert)
03 March 2008
194C
Sanjeev Kumar Sharma
(Expert)
03 March 2008
i agree with mr srinivas sharma
03 March 2008
I agree with CA. GOPAL SONIKA which soluation is a professional answer
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