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TDS 194c

(Guest)

If a company A is having a contract with other company B and now B raised invoice on A for equipment hire charges my query is whether we should deduct TDS u/s 194 c or 194 i

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 27 February 2017

If contract is for the lease of any equipment, deduct TDS u/s. 194I

kiran (Student) (98 Points)
Replied 28 February 2017

If the contract of giving equipment is based on a lease or sub-lease or tenancy or any other agreement then TDS has to be deducted as per Section 194I of Income Tax Act because in such case the hire charges on equipment will be treated as payment of Rent.

(Guest)

Doesnt matter i guess, both are 2%

(Guest)

in case if it's 194 j under which section we should deduct tds

(Guest)

If u have a specific section for a type of expense ( comission, rent, profn fees) u always deduct tds under that specific section.

In any case the nature is unclear and not specific, then it seems ok to use 194C as a general section

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