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Tds on vechile

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(Querist)
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.
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Rajat Poddar

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Rajat Poddar (Expert)
12 July 2013 yes.. according to me TDS should be deducted...
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 July 2013 TDS IS DEDUCTIBLE IN UR CASE.
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AJAY SINGH

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AJAY SINGH (Querist)
12 July 2013 If TDS Deduct than Under Which Head 194C or 194I
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Rajat Poddar

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Rajat Poddar (Expert)
12 July 2013 According to me..194I ...
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