Current rate of tds on leased car rentals
This query is : Resolved
17 November 2011
Hi,
We are a pvt ltd co & hired a car on lease rent from a company.....what is the current rate of tds will be applicable on rent paid for leased car?
Your quick response would be highly appreciated.
Thanks & Regards
Mahendra S Dhatarwal
We are a pvt ltd co & hired a car on lease rent from a company.....what is the current rate of tds will be applicable on rent paid for leased car?
Your quick response would be highly appreciated.
Thanks & Regards
Mahendra S Dhatarwal
17 November 2011
The issue was contradictory earlier that whether to classify the same as 194C or 194I. But as now the TDS rates are revised, the issue is resolved. The rate is 2% and the section, in my opinion, is 194C. The same is there for 194I as well
17 November 2011
Thanks very much Mr. Yash.
Thanks & Regards
Mahendra S Dhatarwal
Thanks & Regards
Mahendra S Dhatarwal
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