Tds on vehicle rent


This query is : Resolved 

13 July 2013 Dear all,
Pvt.ltd co has transport division and its hire a two Tanker from HUF. Rs.37000/- per month Rent of Both Tanker.
What is TDS liability?


13 July 2013 TDS u/s 194I @ 2% on 37,000 pm to be deducted.

13 July 2013 In my view, if the HUF furnishes PAN , you need not to deduct TDS as the case is of leasing of goods career.


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