194 - i

This query is : Resolved 

10 July 2012 A company hires U.P.S. Hire charges per month Rs 10000 per month. Rs 120000 - whole year charges. Should TDS be deducted or only if it exceeds Rs 120000 TDS should be deducted?

10 July 2012 TDS not required to be deducted.
Section 194I.
Threshold limit is Rs 1.80 lacs.

10 July 2012 Thanks a lot......


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