Deduction of tds

This query is : Resolved

Srinivasa Joshi (Querist)
Follow

01 January 2015 Sir,
On D G services TDS attracts if attracts under which section is to be deduct.
Thanks & Regards
Srinivasa Joshi

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

01 January 2015 TDS attracts u/s 194C.

CA. Anoop Bhatia

CA. Anoop Bhatia (Expert)
Follow

01 January 2015 If DG set is provided on rent, TDS will be as per section 194I, rate applicable will be either 2% or 10% depending on the status of payee.

However if per hour kind of amount is charged, section 194C shall be applicable. If the payee is individual TDS rate shall be 1% and in all other cases it shall be 2%.

If payment being made to resident no education cess & SHEC applicable.

However where the payment is being made to a non-resident refer the provisions of section 195.

Thanks

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok