TDS U/s. 194C or 194I

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UMESH BHATTAR (Querist)
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06 October 2008 My company has taken a goods carriage vehicle on hire for a year on contract, the rent payable is weekly.

Suggest me whether the TDS is deducted U/s.194C (Contract) or U/s.194I (Rent)????

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 October 2008 It is 194C.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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06 October 2008 u/s 194C if the running and maintainence cost is born by the Owner(Contractor).

UMESH BHATTAR

UMESH BHATTAR (Querist)
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06 October 2008 you both have again made me confused ?????????/

UMESH BHATTAR

UMESH BHATTAR (Querist)
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06 October 2008 you both have again made me confused ??????

UMESH BHATTAR

UMESH BHATTAR (Querist)
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06 October 2008 thanks

UMESH BHATTAR

UMESH BHATTAR (Querist)
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06 October 2008 But what if the diesel expenses is borne by me but all repairing expenses is borne by the owner

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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06 October 2008 In case the control on vehicle is with the owner and he is engaged for the carriage of goods and passengers and all running cost is met by the owner then Tax is to be deducted u/s 194C. However, if the control is with the contractee then the tax is deductible u/s 194I.

O.D.SHARMA

O.D.SHARMA (Expert)
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06 October 2008 Dear,
If the repair & maintanence of vehicle is lies on the Owner then go for TDS U/S 194c else U/S 194 I

CA Bosu babu

CA Bosu babu (Expert)
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07 October 2008 i Agree with Ramesh & Sharma

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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10 October 2008 Yes that is the correct view.

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