Tds section for vehicle hire charges
WebJul 23, 2024 · 7) Rent/hire charges paid for a car, if you are not owning 8) Driver salary, if you are not driving or having 2 or more cab, 9) Any other expense incurred for running a business WebNov 25, 2024 · INCOME TAX : Where assessee hired cabs from cab owners and provided transportation services to its customers and made payments to these cab owners on account of hire charges from amount received by it from its customers, assessee was liable to deduct TDS on said payment under section 194C Register Now
Tds section for vehicle hire charges
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WebFeb 11, 2024 · TDS on car hire charges is required to be deducted under Section 194C of the Income Tax Act, 1961 at the rate of 1% or 2% (as the case may be) for payments to residents. Want to know more about TDS on Car Hire Charges? Get enrolled on our ‘TDS … WebFeb 11, 2024 · (a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the following taxable supplies, namely :- (A) further supply of such motor vehicles; or (B) transportation of passengers; or
WebMay 3, 2024 · Section 194I of the income tax covers TDS on rent. It imposes an obligation for TDS deduction on persons (other than individual/HUF) making rental payments to resident Indians above a specified limit, i.e., … WebTDS is deducted irrespective of the mode of payment–cash, cheque or credit–and is linked to the PAN of the deductor and deducted. Generally, TDS is deducted on the following types of payments: Salaries Interest payments by banks Commission payments Rent payments Consultation fees Professional fees Dividends Windfall gains
WebDec 15, 2011 · Tds on car hire charges. 15 December 2011 A Comapny is hiring cars as and when required for company employee or officers visiting purpose at various locations on … WebJan 30, 2024 · The TDS rate applicable under different sections & subsection of is between 1%- 30%. *Threshold amount is the max. amount exempt from TDS. The above rates are indicative and may change based on government notification. Other indirect taxes such as service tax, TDS are also collected prior release of a payment.
WebApr 26, 2024 · The AO during the assessment proceedings found that the assessee has incurred car hiring charges amounting to ₹ 1,21,775/- which was subject to the provisions …
Webu/s194 I basic rate 10%(2% from 01.10.2009)cut off amount 180000 per annum. Note :From 01.10.2009 rate of TDS on taxi charges as rent also reduced to 2% only ,so from … jsp スリットWebApr 23, 2024 · Subsequently, the assessee submitted PAN card from cab drivers and owners for whom hire charges were paid and that the cab drivers and owners were all regular income-tax payers and hence as per section 194C … jsp スクリプトレット javascript 変数WebFeb 26, 2024 · The expenses claimed by the assessee were disallowed as a consequence of the non-deduction of TDS and an addition was made, to the extent provided for in Section … adom abbreviationWebJun 21, 2024 · Companies will not be able to claim input tax credit (ITC) for GST paid on hiring commercial vehicles for transportation of employees, if providing such a service is not obligatory under any law ... jsp スクリプトレット 式WebTDS on Rent Section 194I Full Details in Hindi #RanjeetGyan Contact No. - 9097935010 (Whatsapp your query pls.)(Only Paid Services available at thi... jsp サーブレット 本WebJun 11, 2015 · Invoices Rs.2000/-,Rs,15000,...It is expected that it will exceed Rs,75,000/- Later on. 2) What if TDS is applicable, no tds deducted till now, is there any penalty if i deduct tds on if it exceeds Rs,75,000/-. 3) No written agreement with ambulance agency a doltWebMay 7, 2011 · The AO on consideration of the reply of the assesseenoted that the assessee had made payment for vehicle hire chargesin connection with plying of employees from one place to another.The vehicles are owned and maintained by the contractor. Theassessee is making fixed payment of an amount. ad oltranza in inglese