TDS ON HIRING OF PASSENGER VEHICLE

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2010 A CAR HIRING AGENCY HAS BILLED TO A CO. FOR HIRING OF CAR P.M FOR RS 145000.00 AS FOLLOWS
HIRING CHARGES FOR RS 80000.00
DIESEL CONSUMPTION CHARGES FOR RS 65000.00 BASED ON 1 LT/10 KM BASIS AT THE COST OF DIESEL.

Q. WHETHER THE TDS WILL BE DEDUCTED FROM THE GROSS BILL OF THE AGENCY @ 2% ON RS 145000.00 OR ONLY ON HIRE CHARGES ON RS 80000.00 ONLY ? UNDER WHAT SECTION?

YOUR EXPERT OPINION PLEASE ,

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

16 September 2010 TDS under section 194C will apply on the whole amount. For clarification, go to the following link.

https://www.caclubindia.com/forum/tds-on-expense-incured-for-hire-of-vehicle-68788.asp

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ATUL MAKWANA

seshachary

Rameshkumar Jain

suresh kotte

Mitesh

Subscribe Now

TDS ON HIRING OF PASSENGER VEHICLE

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

CA Final