Tds on car hired on lease basis
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2011
One X company had taken on lease a motor vehicle for one of its employees paying a monthly rent of 50000. Whether TDS is applicable on the payable of the lease rent.If so, at what percent ?
One X company had taken on lease a motor vehicle for one of its employees paying a monthly rent of 50000. Whether TDS is applicable on the payable of the lease rent.If so, at what percent ?
14 December 2011
Yes TDS is Applicable
if it is taken from any company than 2%
Otherwise 1% u/s 194C
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
if it is taken from any company than 2%
Otherwise 1% u/s 194C
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
15 December 2011
Recent judgement of itat came in this regard hire and rent.
in this case company take a vehicle on hire because company pay fixed some money for a fixed contract. so applicable rate is tds on contract.
thanks
in this case company take a vehicle on hire because company pay fixed some money for a fixed contract. so applicable rate is tds on contract.
thanks
15 December 2011
Mr. Jha...T
TDS is applicable U/s 194C @ 1% or 2%
why are you giving complicated answer i think my answer is enough.
TDS is applicable U/s 194C @ 1% or 2%
why are you giving complicated answer i think my answer is enough.
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