Tds on bus contractor

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tarachand bagadiya (Querist)
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16 June 2016 As per 194 C in Education institutes Bus Hire on Contract and payment made with Rent & Diesel

P lase clarify that TDS applicable on Rent or total amount of Rent & Diesel .

Rupesh Jain

Rupesh Jain (Expert)
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16 June 2016 see your agreement., if you take only bus then its cover under 194I tds rate will @ 2% and provide facility of bus the its cover u/s 194C.

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tarachand bagadiya

tarachand bagadiya (Querist)
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16 June 2016 Our a Education Instut. and we hire bus from out side from Individual person and facility provide to students , payment made as Rent 20,000/- per month and diesel as Consume i.e Bus running 400 km in one month than 100 ltr Diesel Payment of Rs. 5500/- payable but he get 60 ltr. diesel from our Petrol Pump and 40 ltr. payment payable so Total amounyt paid 20,000/ - Rent + 2200/- diesel = 22200/- than yet we tds deducted on 20,000/- or 22,200/- @01%

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