I'm working in govt Corp. I had paid travel agency for hired Car Rs.4930/- & GST 5% Total Bill Rs.4930 + 246.5=5176.5/-.
So which amount is applicable for TDS deduction? means Gst included or except?
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Tds on hired car
Replies (5)
TDS not to be deducted on GST Amount if u r eligible to deduct tax at source under any section.
further in your case, if you are in purview of 44AB then u need to deduct tax at source in 194I at 2% if total rent to be paid exceeds INR 2,40,000 as per finance act 2019.
further in your case, if you are in purview of 44AB then u need to deduct tax at source in 194I at 2% if total rent to be paid exceeds INR 2,40,000 as per finance act 2019.
ok but without GST amount tds deduct 2% u/s 194c. is it correct?
1% if supplier is individual/HUF otherwise 2%
@ Pramod Raut
Hiring of vehicles does not fall within the ambit of Section 194C of the Act.
TDS requirement is under 194I @ 2% provided the aggregate payment exceeds 2.40 lakhs per year (limit applicable to each hiring party)
TDS on invoice value before GST component.
Hiring of vehicles does not fall within the ambit of Section 194C of the Act.
TDS requirement is under 194I @ 2% provided the aggregate payment exceeds 2.40 lakhs per year (limit applicable to each hiring party)
TDS on invoice value before GST component.
hiring of vehicle does not fall within the ambit of Sec 194C .
Inspite of all the limits organizations deduct tax at source.
Inspite of all the limits organizations deduct tax at source.
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