01 August 2007
One business concern normally takes Car on hiring basis. So TDS should be deducted as payment to contractor or payment for rent of use plant & machinery.
02 August 2007
Rate of TDS on Rent will apply only if goods rented is some building or other immovable goods. As per defination of work defined under sec. 194c the expression work shall include carriage of goods and passangers by any mode of transport other than by railway. Therfore it will include under work contract and rate of TDS define under sec 194c will be apply
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