TDS on Vechile Hiring
This query is : Resolved
23 January 2010
Dear All,
Please clearify someone that we (A public ltd co) have hired an innova (taxi) for our staff to drop at Plant and return back to home. And vehicle stationed at our Plant during office hours. So at what rate we have to deduct TDS from contractor ? and why ?
Best Regards
Mukesh
Please clearify someone that we (A public ltd co) have hired an innova (taxi) for our staff to drop at Plant and return back to home. And vehicle stationed at our Plant during office hours. So at what rate we have to deduct TDS from contractor ? and why ?
Best Regards
Mukesh
23 January 2010
TDS u/s.194C as its a contract to drop and come back, clear understanding and condition to execute.
23 January 2010
Please clear , this is not saisfy.
Mukesh
Mukesh
23 January 2010
as per my understanding your company has hire a taxi for staff and this is regular basis i.e. daily pick staff and drop at night.
if this is the case it is a clear contract so it will be dealt in 194C.
if you are paying to an individual or HUF than tds rate is 1% otherwise it is 2%
if this is the case it is a clear contract so it will be dealt in 194C.
if you are paying to an individual or HUF than tds rate is 1% otherwise it is 2%
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