Tds deduction
This query is : Resolved
21 August 2017
I am working in limited company, Co. Hired a vehicle for 3 days @ Rs.4000/- = Rs.12000/- , i want to know whether TDS is applicable or not on hire charges. if applicable then what is the %.
I am working in limited company, Co. Hired a vehicle for 3 days @ Rs.4000/- = Rs.12000/- , i want to know whether TDS is applicable or not on hire charges. if applicable then what is the %.
Ashiwini Ballodia
(Expert)
22 August 2017
TDS not applicable because if TDS is to deducted than it will be deducted u/s 194C
Dhirajlal Rambhia
(Expert)
15 October 2021
Upto Rs. 30,000/- limit TDS not deductible u/s. 194C of IT act
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