TaxTMI 
TaxTMI 
TDS Rate - 194C / 194I
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....DS Rate - 194C / 194I<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 11-11-2019 Last Reply Date:- 11-11-2019 Income Tax<br>Got 1 Reply<br>Income Tax<br>Payments made for transport of ....
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....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 for transport of goods & passengers....
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..... 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 day. Whether in such scenario TDS is....
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.... 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 194I will be applicable. Otherwise only 194C is a....
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....pplicable, even though minimum guaranteed amount is paid to you.<br> Discussion Forum - Knowledge Sharing ....