Tds applicability
This query is : Resolved
06 November 2013
We are a PSU and hiring vehicles from private trasporters through an agreement for movement of our employees to different places on official purposes. kindly indicate provision of TDS against amount payable to the transporter. rate of TDS and relevant section must be quoted.
06 November 2013
Since you have taken Car on rent hence TDS will be deducted u/s 194 I @ 2%.
07 November 2013
Why 194C is not applicable here. There is contract with transporters and not rent agreement.
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