A company paying Rs. 45000 for taxi services. Does it require to deduct TDS? If yes which section?

Question

Sountheriya · Answer

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Rishabh · Answer

Yes, a company paying Rs. 45,000 for taxi services is required to deduct TDS under Section 194C of the Income Tax Act. As per Section 194C, any person responsible for paying any sum to any resident contractor for carrying out any work (including supply of labor for carrying out any work) in pursuance of a contract between the contractor and a specified person shall deduct TDS if the payment exceeds Rs. 30,000 for a single payment or Rs. 1,00,000 in aggregate during a financial year.

A company paying Rs. 45000 for taxi services. Does it require to deduct TDS? If yes which section?

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