TDS 194C / 194I

This query is : Resolved

Mcgupta (Querist)
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10 January 2009 Company is hiring vehicle on monthly fixed payment and variable rate per km on actual vehicle running. The vehicle is available with us for 16 hours in a day.
Vehicle registration number is not mentioned in the contract. The driver, maintenance, oil & fuel is under the contractor scope.

On this transaction which TDS is attracted 194C or 194I.

Will there be any change in TDS if vehicle registration number is mentioned in the contract.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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10 January 2009 As the vehicle is not in the full control of the hirer, Tax at Source is to be deducted u/s 194C.

Mcgupta

Mcgupta (Querist)
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10 January 2009 Would the case be different if particular vehicle number is hired / mentioned in the contract ?

More view / opinions on this please.

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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10 January 2009 CA RAMESHKUMAR AHUJA,S ANS IS RIGHT ANS

O.D.SHARMA

O.D.SHARMA (Expert)
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10 January 2009 If The contract is without mantainence & repair from hirer,This is simple contract & will be covered U S 194C

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