TDS on Hire of Transport vehicle

I think 2 percent .

I m not sure plz clarify it.

The rate is governed by sec 194C,as per the recent amendment there will  NO TDS on a person engaged in the business of transport business if he furnishes his PAN. If PAN is not available then rate will be 20% (206AA)

on rental basis means hire for the month/year

actualy there is 2% of TDS for transporters u/s 194c, but now this provision was amended that no TDS on transporters if he has PAN number otherwise 20% will be taxable from 01.10.10

The rate is governed by sec 194C,as per the recent amendment there will no TDS on a person engaged in the business of transport business if he furnishes his PAN. If PAN is not available then rate will be 20%.