TDS on payments to Cab Operators - on Contract with Companies
This query is : Resolved
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
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
(Expert)
21 November 2007
deductible under sec. 94I 194I Rent (deductible (All cabs Example. Buldozer,Roller,Vehicle Running,Earth Cutting, Exaviator and Rent ) etc.
Shyam Lal Naik
(Expert)
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.
How ever, cab is taken on monthly rental basis, 194I is attracted.
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