Deduction of tds

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

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)

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)

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)

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)

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now