TDS on vehicle rent / hire

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..... TDS on vehicle rent / hire
Query (Issue) Started By: - Hemant Pandit Dated:- 15-10-2010 Last Reply Date:- 18-10-2010 Income Tax
Got 2 Replies
Income Tax
Sir, Whether vehicle taken on ren .....

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..... t/ hire require to be deducted TDS u/s 194C or 194I? Please give case law if possible. Reply By GOPALJI AGRAWAL: The Reply: The terms of the agreement would decided the fate. It may fall u/s 194C i .....

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..... f the possession remains with the owner and section 194I(a) otherwise. Reply By CA Rachit Agarwal: The Reply: If the vehicle is taken on monthly basis, and fixed rent is paid then it would get cover .....

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..... ed under Section 194I, however if the vehicle taken on hire is on basis on requirements as when required then it would fall under 194C..
Discussion Forum - Knowledge Sharing .....

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