TDS on car taken on rent

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When a company rents a car, TDS (Tax Deducted at Source) needs to be deducted. The relevant section for this is 194-I. This section outlines the specific rates at which TDS should be deducted for such rental agreements. Further guidance and case law can be found to clarify the application of Section 194-I to hired vehicles.

ABHISHEK KUMAR

ABHISHEK KUMAR (Querist)
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03 April 2021 under wich section Tds will be deducte if car taken on rent by the company

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 April 2021 you need to deduct under section 194-I

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ABHISHEK KUMAR

ABHISHEK KUMAR (Querist)
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07 April 2021 AT what rate TDS will be deducted

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 April 2021 already guided you abhishek. Now read the relevant section.

also go through this ruling - https://taxguru.in/income-tax/tds-on-hired-vehicles-u-s-194i-or-under-194c.html

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