What should be the TDS rate
This query is : Resolved
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.
CA. Hitesh Aggarwal
(Expert)
02 August 2007
CA. Hitesh Aggarwal
(Expert)
02 August 2007
CA. Hitesh Aggarwal
(Expert)
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
21 August 2007
rate will be 2.266% if payment is more than 1 crore to co. & partnership firms otherwise rate is 2.06%
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- GSTR-9C filing
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Capital gains in IT returns
- Form 144 TDS Return Validation Error – Mandatory Fields
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
