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.
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