DEDUCTION OF TDS

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..... DEDUCTION OF TDS
Query (Issue) Started By: - S.C. WADHWA Dated:- 2-7-2012 Last Reply Date:- 9-7-2012 Income Tax
Got 2 Replies
Income Tax
Dear Sir, A company is hiring taxi services from .....

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..... an individual the bill in respect of which for the financial year 2011-12 is about Rs. 100000/-. I want to know whether the company is required to deduct tds on same or not. If, it is required to de .....

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..... duct tds, please tell under which section it should be deducted. Reply By kolasi raghu: The Reply: The Company is Required to deduct TDS U/S 194C. the Rate is2%. Reply By HARSHA JOSHI: The Reply: .....

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..... TDS u/s 194c will applicable otherwise section 194I is to be deducted @1%, if payee is an individual. however, first verify the terms of the car hire agreement to confirm the applicability of Sectio .....

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..... n 194c will applicable otherwise section 194I. if section 194I is applicable, then no TDS till Rs.180,000/-.
Discussion Forum - Knowledge Sharing .....

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