Taxi hiring
This query is : Resolved
15 January 2014
Dear Sir,
we have hired a cab for company purpose. and his bill are more than Rs 30000/- are we liable to deduct his tax
we have hired a cab for company purpose. and his bill are more than Rs 30000/- are we liable to deduct his tax
15 January 2014
yes deduct tds under sec 194c
15 January 2014
tds applicable u/s 194C
.
.
you also required to pay service tax under reversecharge
..
Reverse charge in renting or hire of Motor vehicle designed to carry passengers
.
.
if the bill is in name of the company, reverse charge will apply, if the service provider is individual, HUF etc.
.
.
Tax on 40%,
.
.
you also required to pay service tax under reversecharge
..
Reverse charge in renting or hire of Motor vehicle designed to carry passengers
.
.
if the bill is in name of the company, reverse charge will apply, if the service provider is individual, HUF etc.
.
.
Tax on 40%,
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