Deduction of tds

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Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2015 if they are charging vat on rental charges than tds will deducted or not ?

if yes , upon which amount

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 April 2015 VAT is not applicable on Rent. Service Tax will be applicable. Please ask them why are they charging VAT.

Vineet Goyal

Vineet Goyal (Expert)
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01 April 2015 If it is equipment rental like laptop on rent, they may charge VAT. If this is the case, you need to deduct TDS @ 2% u/s 194I

Ki$hor B

Ki$hor B (Expert)
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01 April 2015 According to me, TDS is to be deducted on 'Total amount on the bill less Service Tax'.

Let us wait for other opinions.

Querist : Anonymous

Querist : Anonymous (Querist)

02 April 2015 on printer rental carges they paid vat on 70% and service tax on 30% of the whole amount

whether they have to deduct tds or not

if yes upon which amount

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 April 2015 TDS to be deducted u/s 194I @2% if threshold limit of Rs 180000/- p.a. is crossed. TDS to be deducted on amount excluding VAT and Service Tax. If PAN not provided TDS to be deducted@ 20%.

Querist : Anonymous

Querist : Anonymous (Querist)

02 April 2015 tds to be deducted on amt including vat na sir

Querist : Anonymous

Querist : Anonymous (Querist)

02 April 2015 can you give me one example sir

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