If toll tax is added to car hire bill on which amount TDS will be deducted?

By | June 7, 2023

If toll tax is added to car hire bill on which amount TDS will be deducted

If toll tax is added to car hire bill on which amount TDS will be deducted

Yes, you are correct. TDS is not applicable on toll tax as it is not considered as income. Therefore, when toll tax is included in a car hire bill, TDS will not be deducted on it. TDS is only applicable to specific types of income, such as salary, interest, commission, professional fees, rent, and others, as outlined in the Income Tax Act, and it is subject to the conditions specified therein.

For more information to Visit https://www.incometax.gov.in/Car Rental Software - Management & Booking | RentSyst

For further details access our website https://vibrantfinserv.com/

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