TDS on Car Hire

Its should be dedcuted u/s 194C- Contractors. Deducted @ 2.266% on the amount.

2.06%

10.30% u/s 194I

TDS should be deductable u/s 194c for contractor @ 2.06%

TDS should be deductable u/s 194c for contractor @ 2.06%

TDS will be deducted U/s 194C not U/s 194I

hey everybody. this is a metter of Renting a machinary (194 I)  - NOT a transport contract (194C).  The rate u/s 194 I is 10 % + SC if applicable + EC. Dear Gyan, now i think your doubt is clear. my reply is same as it was on LawyerClub - yer there is correction is rates.