TDS on Car Taxi

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TDS on Car Taxi
Query (Issue) Started By: - Pradeep Jain Dated:- 22-3-2014 Last Reply Date:- 27-3-2014 Income Tax
Got 2 Replies
Income Tax
Dear Sir, Our Company hires car taxi for offici .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... al work . At the time of payment , TDS would be payable under section 194C or 194I Regards Pradeep Jain Reply By CA GOPALJI AGRAWAL: The Reply: Pradeep Ji It would depend on the terms and conditi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ons of the contract. If the car taxi is under your control and you are paying fixed rent of the car on day or month basis, Section 194I would prevail and if it just on normal hiring on trip basis incl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uding fuel etc then 194C would be applicable Reply By YASHAVANTH RENUKA: The Reply: If the hiring of Car weekly, fortnightly, monthly or any basis which will be under the mutual agreement / acceptan .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ce between you and the Vehicle owner, which will be deemed as Contract. You have to deducted 1 percent if Individual, 2 percent if the company. Also you have to pay Service tax on reverse charge mecha .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nism, at the rate of 4.944 percent ( 12.36 percent of 40 percent of the bill value ).
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X