There was an query on TDS

(for refrence)

"Company is hiring vehicle on monthly fixed payment and variable rate per km on actual vehicle running. The vehicle is available with us for 16 hours in a day.
Vehicle registration number is not mentioned in the contract. The driver, maintenance, oil & fuel is under the contractor scope.

On this transaction which TDS is attracted 194C or 194I."

In this regard our expert said that


"As the vehicle is not in the full control of the hirer, Tax at Source is to be deducted u/s 194C."

I want to know that is there any condition U/S 194I that to fall within this section vehical should be fully in control of hirer.

in my point of view Tds should be deducted U/S 194i because as per interpretation rule 194I is a specific section on rent so it will prevail.

I believe that respected seniors will help me to clear this one.

Thanx & regards

Dear Sir
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