applicability of TDS
This query is : Resolved
Sharad Jain
(Querist)
11 November 2010
is TDS applicable on TAxi hire from the taxi service provider amount 37000.00 debited to conveyance expenses
11 November 2010
It is a contract to Hire Taxi Services and hence Section 194C attracted. TDS to be deducted u/s 194C.
CA Navin Jain
(Expert)
11 November 2010
agree
taxindiaconnect
(Expert)
11 November 2010
There is a difference between hiring of car or hiring of services of car. if the car is hired for full time for a long period with all the maintenance etc being born by the assessee and the car is for specific use of the assessee during the entire period it is the hiring of car as an equipment where as the car is hired only for specific trip only it will be hiring if services of car. In the former case the TDS is to deducted u/s 194I and later case u/s 194C.
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