TDS on Hire of Car/Bus for travelling of students
This query is : Resolved
Ankeet Vora
(Querist)
08 July 2009
My client is inolved in academic business and has taken a CAR on hire for transporting the students from Hostel to Academy.....Is he liable to deduct TDS on Basis of Contract for Transporting Students(194C) .... OR on the basis of Hire Charges for CAR(194I-Rent)...Please assist..
CA Tilak Raj Sharma
(Expert)
08 July 2009
194I will be applicable, now it is okay as new rate is 2%.
Message likes :
1 times
Ratan Sharma
(Expert)
08 July 2009
Agreed.
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