TDS ( % & Section ) on hire charges

[RSANTIYA PANDI]

DEAR SIR,

We hired a boat from a 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 ?

Pls ..

Brdgs

[Guest]

Are you an individual u/s 44AB OR company?

AI Summary

TDS on hire charges: whether withholding applies and which section depends on the payer's tax status. TDS on hire charges paid to an individual for business boat hire is queried: the payer asks the applicable withholding rate and statutory section. The only reply requests clarification of the payer's tax status-whether the payer is an individual subject to tax audit provisions or a company-indicating that withholding obligations may depend on payer classification.