Tds on taxi hiriing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2013 Dear All

What will be the tax implications(Both tds & Service tax) if the taxi is hired for official visits by a chartered accountant. there is no contract between the taxi services and the chartered firm and the amount exceeds the 194C limit very easily. the service provider i.e. the taxi services is not a company. its an individual.

A quick reply would be highly appreciated.

Rupesh Jain

Rupesh Jain (Expert)
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14 June 2013 on reverse charge by individual service receiver to be paid

and
TDS to be deducted @ 1% on amount paid by you

Ganeshbabu K

Ganeshbabu K (Expert)
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14 June 2013 1)Reverse charge will not applicable to you unless your CA firm is registered as LLP..

[Please note Reverse charge in renting or hire of Motor vehicle designed to carry passengers is applicable only if service receiver is Business entity registered as body corporate.]

2)TDS CAN BE DEDUCTED.

Thanks®ards
Ganesh babu k

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