TDS on Buses hired for Employee transportation, Income Tax

[Pradeep Jain]

Dear Sir,

We have hired buses for transportation of Employee from Home to Factory and back.

In this connection on payment of amount, TDS would be deducted under which section 194C or 194I

Regards

Pradeep Jain

Posts / Replies

[RAHUL SHARMA]

TDS should be deducted under Section 194C.

[vikram singh]

I think this is the case of rent a cab services then may I know how you treat with service tax ...

Vikram

[SHIVKUMAR SHARMA]

Dear Vikram

If yours is a Pvt.Ltd company or Ltd Company then you have to pay 100 percent Service tax on RCM(Under reverse charge mechanism scheme).Pls.note that in this case Cenvat credit facility is not avaible.

SHIVKUMAR SHARMA