TaxTMI 
TaxTMI 
TDS on vehicle rent / hire
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....DS on vehicle rent / hire<br> Query (Issue) Started By: - Hemant Pandit Dated:- 15-10-2010 Last Reply Date:- 18-10-2010 Income Tax<br>Got 2 Replies<br>Income Tax<br>Sir, Whether vehicle taken on rent....
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..../ hire require to be deducted TDS u/s 194C or 194I? Please give case law if possible. Reply By GOPALJI AGRAWAL: The Reply: The terms of the agreement would decided the fate. It may fall u/s 194C if....
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.... the possession remains with the owner and section 194I(a) otherwise. Reply By CA Rachit Agarwal: The Reply: If the vehicle is taken on monthly basis, and fixed rent is paid then it would get covere....
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....d under Section 194I, however if the vehicle taken on hire is on basis on requirements as when required then it would fall under 194C..<br> Discussion Forum - Knowledge Sharing ....