Easy Office

Accounting treatment of equipment rental business

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 May 2016 Dear Sir/Madam,

I wanted to know about how the income is treated in Equipment rental business like (renting of scissor lifts ,Boom Lifts ,Cranes).TDS charged under which section and limit of that and rate ,service tax charges if any ,.

and what appropriate name is to be given for the revenue of such busieness.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
24 May 2016 hire charges: your income and tds dedcuted u/s 194C in your company or firm then@2% on HUF individual @1%

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links