Tds on rent of truck 407/ tata ace
This query is : Open
07 June 2017
A private limited company taken on rent a truck from a huf.Pvt ltd company is only paying monthly rent ( 25000) to huf .and all other things like repair diecel driver charge are borne by pvt limited companyIn this case what will be the tds rate if applicableAny service tax applicability
07 June 2017
As rent paid is more than 180000 in a year, it is required to deduct TDS u/s 194I @2%.
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