TDS ON RENTAL
This query is : Resolved
10 March 2009
A company has hired cars from a party, the agreement states that the party will bear all maintenance charges and the Company will use its own drivers and also bear fuel expenses. What I want to know is whether TDS has to be deducted under 194C or 194I ????
10 March 2009
Since there is contractual relationship between the parties so 194C is applicable.
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