Easy Office
LCI Learning

TDS rate on bus hire charges

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 December 2008 What rate of TDS will be charge on bus hire charges of rs.7000/-.
Profile Image

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
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.
Profile Image

Jairam

Profile Image

Jairam (Expert)
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.



Profile Image

CA Tilak Raj Sharma

Profile Image

CA Tilak Raj Sharma (Expert)
11 December 2008 Simple 2.06%

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links