HI
A school is hiring a vechicle from a transportar for transportation of children. Do we need to deduct tds on that? If so under which section
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Tds on vehicle hire by school
Replies (4)
If transporter does not provide PAN than TDS have to deduct @ 20 % if its in contract.
I think it comes under contract as he not carying any goods. 2% is applicable if pan submitted. Let's see others opnion.
If transporter provide PAN than no need to deduct TDS of transporter.
Vechile hire charges for children comes under contract (SEC 194C). Rate of TDS applicable is 2%. Rule "No TDS if PAN number provided" is applicable only to transporters carring goods.
Mr.Deepak is fully correct.
Regards
Dayananda
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