Easy Office
LCI Learning

Tds on lease rental payable to finance company

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 April 2012 our co has buy certain equipments (Movable) on lease. after 5 year payment of lease rental equipment will be sold to us @ 1 rs per equipment. i want to know in which section tds needs to be deducted i.e. u/s 194A or 194-I.
Profile Image

Ugra Sen Singh

Profile Image

Ugra Sen Singh (Expert)
07 April 2012 Dear Section 194A is for Only Interest
194I applicable for your case

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



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links