Tds on hired vehicles
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2018
We are hiring Vehicles for Business Purpose for a specific period. There is no formal contract. We usually pay 500 per day + Rs 5 per Km for fuel expenses. Please suggest what is the TDS rate and Nil Rate Slab also under which section
18 October 2018
Seems 194 C can be applied since the contract was for “carriage of passengers” for which payment is made at a fixed rate.
20 October 2018
Deduct TDS as per section 194C
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