Taxi hiring

This query is : Resolved

Deven (Querist)
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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

CA Navin Jain

CA Navin Jain (Expert)
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15 January 2014 yes deduct tds under sec 194c

Ganeshbabu K

Ganeshbabu K (Expert)
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15 January 2014 tds applicable u/s 194C
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you also required to pay service tax under reversecharge
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Reverse charge in renting or hire of Motor vehicle designed to carry passengers
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if the bill is in name of the company, reverse charge will apply, if the service provider is individual, HUF etc.
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Tax on 40%,

Deven

Deven (Querist)
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15 January 2014

thank you very much

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