TAXI SERVICE FOR TRAVELLING EXPENSES
This query is : Resolved
M. Senthilnathan
(Querist)
14 December 2019
Dear Sir/Mam
Taxi Service for travelling expenses TDS will be applicable?
Taxi Service for travelling expenses TDS will be applicable?
Umesh Kundara
(Expert)
15 December 2019
It is covered under section 194C of IT act 1961, If taxi service is on contract basis and either annual payment is more than Rs 1 lacs or single payment is more than Rs. 30,000/- TDS is to be deducted by 1% in case of individual or HUF (2% in case of firm of company).
M. Senthilnathan
(Querist)
17 December 2019
Thank you sir for your valuable reply
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