Case Law Details
Case Name : Asstt. Commissioner of Income Tax(TDS), Vs M/s Idea Cellular Limited (ITAT Delhi)
Related Assessment Year : 2008-09
Courts :
All ITAT ITAT Delhi
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U/s 194-I, Income Tax is required to be deducted at source at the time of payment of any income by way of rent @’ 10% for the use of any machinery or plant or equipment. U/s 194C, tax is required to be deducted @’ 2% for carrying out any work which, inter alia, includes carriage of goods and passengers by any mode of transport other than by railways. Though generally speaking all types of machinery, plant and equipment given on hire get covered u/s. 194-I but hiring of transport vehicles get specifically covered u/s. 194-C as far as Tax Deduction at source is concerned. Transport v...
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we are sending the fabric to private passengers travel bus from guntur to bangalore daily. The total expenditure is around on lakh. is it tds deductable to travel agency