TaxTMI 
TaxTMI 
DEAR SIR,
We hired a boat with Individual person for diving purpose ( business ), monthly rent is ₹ 1,00,000/-. How much TDS should i deduct on boat hire charges and what is section for that ?
Kindly advice.
Brdgs
TDS % and section
06 Jul 2019 
1 Reply 
1661 Views Asked by
TDS on rent for boat hire requires deduction under section 194I when paid to an individual.
Payment of boat hire to an individual for business purposes is subject to withholding under section 194I, with the advised deduction rate being 2%, making it incumbent on the payer to deduct tax at source from the hire charges and follow the applicable deposit and compliance procedures. (AI Summary)
Payment of boat hire to an individual for business purposes is subject to withholding under section 194I, with the advised deduction rate being 2%, making it incumbent on the payer to deduct tax at source from the hire charges and follow the applicable deposit and compliance procedures. (AI Summary)
