Accounting treatment of equipment rental business
This query is : Resolved
Querist : Anonymous
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.
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.
24 May 2016
hire charges: your income and tds dedcuted u/s 194C in your company or firm then@2% on HUF individual @1%
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
