Deduction of tds
This query is : Resolved
21 November 2015
WHAT IS THE RELEVANT SECTION FOR DEDUCTING TDS FROM PAYMENTS TO VEHICLE OWNERS FOR HIRING OF VEHICLE WHEN FUEL,LUBRICANTS ARE PURCHASED BY THE VEHICLE OWNERS AND THE SAME ARE BEING REIMBURSED TO HIM? 194C OR 194I?
21 November 2015
TDS applicable u/s 194C including reimbursements.
21 November 2015
WOULD YOU MIND JUSTIFYING YOUR ANSWER SIR?
21 November 2015
The rate of TDS is 2% under both the sections. As the vehicle owners are filling the fuel and lubricants it seems they are operating the vehicle.
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