Tds
This query is : Resolved
vivek gupta
(Querist)
19 June 2013
i want to know whether tds on transport hiring charges is deductiable by the educational institutions..
CA PARAS BAFNA
(Expert)
19 June 2013
If the said charge is paid for carrying on students , TDS is deductible U/s 194C.
.
.
Ganeshbabu K
(Expert)
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
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