TaxTMI 
TaxTMI 
Hiring of Taxi falls under 194I or 194C. What should be the TDS rate.
TDS rate.
05 May 2008 
1 Reply 
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TDS on taxi hire: treat ordinary taxi hire as contract payment for TDS purposes, not as lease or rent.
TDS on taxi services depends on the arrangement: ordinary hire is treated as a contract payment attracting TDS under contract-payment provisions, whereas a lease where the vehicle is in the hirer's possession and control during the contract period is treated under leasing provisions. (AI Summary)
TDS on taxi services depends on the arrangement: ordinary hire is treated as a contract payment attracting TDS under contract-payment provisions, whereas a lease where the vehicle is in the hirer's possession and control during the contract period is treated under leasing provisions. (AI Summary)