Hi,
We are a Pvt Ltd company providing transportation services to clients. We do not directly OWN any vehicles. We have also given declarations to our clients as specified u/s 194C, along with our PAN card. We deal with 100+ vehicles on daily basis, which we lease from subcontractors/vehicle owners. The name on the RC book of the vehicle will obviously be that of the owner (who may, in many cases, own 10+ vehicles also)
Does my client have to deduct TDS from payments made to me? Kindly clarify.
Regards.
CAclubindia
