Deduction of tds
This query is : Resolved
Srinivasa Joshi
(Querist)
01 January 2015
Sir,
On D G services TDS attracts if attracts under which section is to be deduct.
Thanks & Regards
Srinivasa Joshi
On D G services TDS attracts if attracts under which section is to be deduct.
Thanks & Regards
Srinivasa Joshi
CA R SEETHARAMAN
(Expert)
01 January 2015
TDS attracts u/s 194C.
CA. Anoop Bhatia
(Expert)
01 January 2015
If DG set is provided on rent, TDS will be as per section 194I, rate applicable will be either 2% or 10% depending on the status of payee.
However if per hour kind of amount is charged, section 194C shall be applicable. If the payee is individual TDS rate shall be 1% and in all other cases it shall be 2%.
If payment being made to resident no education cess & SHEC applicable.
However where the payment is being made to a non-resident refer the provisions of section 195.
Thanks
However if per hour kind of amount is charged, section 194C shall be applicable. If the payee is individual TDS rate shall be 1% and in all other cases it shall be 2%.
If payment being made to resident no education cess & SHEC applicable.
However where the payment is being made to a non-resident refer the provisions of section 195.
Thanks
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