TDS on Vehicle Rent
This query is : Resolved
22 February 2011
Sir,
If vehicle is given on rent for hire for Rs.50000/- per month on a contract basis, and TDS is deducted, will it be covered U/s 194C or 194I?
If vehicle is given on rent for hire for Rs.50000/- per month on a contract basis, and TDS is deducted, will it be covered U/s 194C or 194I?
22 February 2011
section 194I..
22 February 2011
In my opinion, 194C would be applicable.
22 February 2011
TDS to be deducted u/s 194C.
Rate of TDS:
Individual/HUF 1%
Others 2%
Rate of TDS:
Individual/HUF 1%
Others 2%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- TDS related Query_Liquidated Damages
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
