Wanted your opinion on the applicability of TDS on the rentals charged for EDC machines (machines used to swipe cards) which have been installed by a third party and not be any bank.
As far as I'm aware, there is an exemption on TDS only in case of EDC rentals charged by Banks. However, if a third party (in this case pinelabs) has given the same, is TDS applicable? And if yes, under which section?
CAclubindia
