can u tell me, is tds applicable on rent received from vehicle?
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tds on vehicle rent
Replies (3)
TDS is not applicable on receipts but it is applicable on payments by the deductor.
And please explain ur query further, i think it is incomplete.
yes, if you are making payment for car rent then you have to deduct TDS to be on a safer side at the rate applicale to plant & machinery.
TDS applicable on hire charges paid . The payer paying the hire charges is required to deduct TDS @ 10.3%
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