TDS on car Hire Charges

the case will be covered u/s 194-I instead of sec. 194-C.

and the rate of TDS applicble in ur case is 11.33%

Dear Frds,

if You do contract with Individual & hire car under sec 194 c than you deducted @ 2.266% (2+10%+3%) as per rate contract. & you don't think abt his income. ok

Ph. no. 41000530  ext. 324.   This only advice.

dear friend

your query is related to section 194 I and the rate of TDS will be the rate taken for plant & machinery . so rate of tds will be 11.33% as income is more than 10 lac in case of individual

Sec.194 I only applicable. We have to deduct 11.33% (10% tax+10% surcharge + 3% Education cess)..

Thanks to all of You.

Motor car with driver - then 194 C is applicable

Motor car without driver then 194 I is applicable

Hi every body,

My question is almost similar, What will be implication of TDS in case of finance lease. Do we need to deduct TDS? If yes, then why?. Because we will be creating asset in terms of AS- 19.