TDS Rate - 194C / 194I

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Payments made for transport of goods or passengers are specifically included in sec.194C But an agreement provides for minimum guaranteed amount per day which entitles use of vehicle upto 100 km .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for transport of goods passengers. Excess milage used is chargeable per km basis. In such scenario, a company may pay minimum guaranteed amount even though vehicles has run, let us say 50 km in a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... day. Whether in such scenario TDS is attracted u/s 194C or 194I - Reply By Ganeshan Kalyani - The Reply = Whether the vehicle is in your control. If yes, then it is renting of vehicle then 19 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 4I will be applicable. Otherwise only 194C is applicable, even though minimum guaranteed amount is paid to you. - TDS Rate - 194C / 194I - Query Started By: - Ethirajan Parthasarathy Dated:- 11- .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 11-2019 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagem .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... entindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X