Tds
This query is : Resolved
19 June 2013
i want to know whether tds on transport hiring charges is deductiable by the educational institutions..
19 June 2013
If the said charge is paid for carrying on students , TDS is deductible U/s 194C.
.
.
19 June 2013
If it is for school bus
in my opinion,
1)if bus on hire is taken for a specified period, with out driver, it will come under definition of 194I and tds @ 2% can be deducted.
2)if bus taken hire with driver and payment is on basis of no. of trips it can be deducted under section 194C @ 2%/1% can be deducted
Thanks & regards
Ganesh babu k
in my opinion,
1)if bus on hire is taken for a specified period, with out driver, it will come under definition of 194I and tds @ 2% can be deducted.
2)if bus taken hire with driver and payment is on basis of no. of trips it can be deducted under section 194C @ 2%/1% can be deducted
Thanks & regards
Ganesh babu k
Message likes :
1 times
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
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
