Tds on vechile

This query is : Resolved 

12 July 2013 Dear Sir,
I am Working in a Company in which we have many of trucks on Fixed monthly payment of Rs. 40000 if truck remain stand over the month than also rent is fixed Rs. 40000, so we have deduct on TDS on this payment or not.

12 July 2013 yes.. according to me TDS should be deducted...

12 July 2013 TDS IS DEDUCTIBLE IN UR CASE.

12 July 2013 If TDS Deduct than Under Which Head 194C or 194I

12 July 2013 According to me..194I ...


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