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Accounting treatment of equipment rental business

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2016 Dear Sir/Madam,

I wanted to know about how the income is treated in Equipment rental business like (renting of scissor lifts ,Boom Lifts ,Cranes).TDS charged under which section and limit of that and rate ,service tax charges if any ,.

and what appropriate name is to be given for the revenue of such busieness.
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Rupesh Jain

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Rupesh Jain (Expert)
24 May 2016 hire charges: your income and tds dedcuted u/s 194C in your company or firm then@2% on HUF individual @1%
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