TDS U/s. 194C or 194I
This query is : Resolved
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)????
Suggest me whether the TDS is deducted U/s.194C (Contract) or U/s.194I (Rent)????
06 October 2008
It is 194C.
06 October 2008
u/s 194C if the running and maintainence cost is born by the Owner(Contractor).
06 October 2008
you both have again made me confused ?????????/
06 October 2008
you both have again made me confused ??????
06 October 2008
thanks
06 October 2008
But what if the diesel expenses is borne by me but all repairing expenses is borne by the owner
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.
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
If the repair & maintanence of vehicle is lies on the Owner then go for TDS U/S 194c else U/S 194 I
07 October 2008
i Agree with Ramesh & Sharma
10 October 2008
Yes that is the correct view.
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
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
