Hi
I would like to know the TDS % for the income generated on Rent-a-cab operation, where the vehicles are dedicated operation for a project and also vehicles provided for non dedicated operations.
regards
Ram
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TDS on Rent-A-Cab operation
Replies (3)
tds wolud be apply by 15% with 2% education cess & 1% senior education cess
this is equalivent to 15.45%
Hey ram
I believe TDS on Non Specific projects are to be deducted U/s 194C ie., @ 2%+EC+SCH
In case of Specfic Projects they are to be deducted u/s 194I @ 15%+EC+SCH
I agree with Yogitha. In this case, the TDS will be applicable @ 2% u/s 194-C and surcharge and education cess as applicable. This will not fall under rent.
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