TDS applicable or not for car lease rent

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accounts executive
39 Points Posted on 07 June 2021
Happy Day

We are bought innova car for lease rent to owner personal use and product deliver to customer. The lease rental payment is auto debited mode.

Now we want to now know the car lease rent is applicable for TDS, if applicable what is the section.
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On 07 June 2021 at 09:51 Report
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Quick Summary
This discussion explores whether Tax Deducted at Source (TDS) is applicable to car lease rent payments, particularly for vehicles used for both personal use and business delivery. The consensus suggests that TDS should be deducted under Section 194-I of the Income Tax Act. Further details regarding the lease amount and specific applicability are sought.

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Chartered Accountant
24588 Points Posted on 07 June 2021
TDS should be deducted under section 194I
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On 07 June 2021 at 10:40
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tax consultant
3306 Points Posted on 07 June 2021
194i will apply.
please give more details regarding the lease amount.
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On 07 June 2021 at 15:26
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Learner
2398 Points Posted on 07 June 2021
Sec 194I
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On 07 June 2021 at 17:53

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