Tax on financial leased machinery

Others 119 views 1 replies

Financial Lease:

Solar System of Rs. 20,00,000/- is leased against monthly lease rentals (lets say Rs.10,000) for 15 years. What taxes does the lessor have to pay on the lease rentals?

Does the lessor charge MAT?

NO VAT charges on Solar


 

Replies (1)

on rent tds is applicable 1% for induvisible and 2 % form company 


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