TDS on payments to Cab Operators - on Contract with Companies

This query is : Resolved

GIRISH K (Querist)
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21 November 2007 Whether the same is deductible under 194C - Contractors or

194 I - Rent - in view of

as the cabs are going to be hired -for exclusive use - for pick /drop of employees etc.

Is there any specific circular or clarification in this regard

M.JANAK RAO

M.JANAK RAO (Expert)
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21 November 2007 deductible under sec. 94I 194I Rent (deductible (All cabs Example. Buldozer,Roller,Vehicle Running,Earth Cutting, Exaviator and Rent ) etc.

GIRISH K

GIRISH K (Querist)
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22 November 2007 thanksw

Shyam Lal Naik

Shyam Lal Naik (Expert)
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22 November 2007 Depends on the agreement. Section 194C covers within its scope carrige of goods and pasangers. If the consideration is linked with quntum of service provided, it will be covered under 194C.

How ever, cab is taken on monthly rental basis, 194I is attracted.