TDS rate on bus hire charges


This query is : Resolved 

11 December 2008 What rate of TDS will be charge on bus hire charges of rs.7000/-.

11 December 2008 Car / Bus hire charges will come under sec 194C. To ensure single payment exceeds Rs.20k and cumulative payment Rs.50k p.a.
TDS rate is 2% plus SC plus Cess.

11 December 2008 Deduct TDS @ 2%+sc+education cess if total payments exceeds Rs 20k at one time or if cumulative payments for the year exceed Rs 50k.

11 December 2008 Simple 2.06%


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