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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- DIN reactivation
- TDS Return Q1 FY 2026-27
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
