Equipment hire charges tds u/s

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2014 Sir, our company has hired a G set , on that Paying Hire chareges of Rs 159600.00 on monthly basis. My query is that the invoice raise by party is of hire charges of Rs 140000+ Vat @14% of rs 19600 , total invoice is of Rs 159600, whether TdS is deductable on whole invoice or not and on which section.
Please help me out

04 July 2014 yes on gross amount including vat tds is deductible.

04 July 2014 if you take the generator and diesel exp. born by you then tds will deducted u/s 194I @2% if your rent exceeds rs. 180000/- in year.

if all expenses by vendor then you can deduct the TDS u/s 194C @ 1% on individual/HUF or 2% otherwise.


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Querist : Anonymous

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05 July 2014 Thanks for your sugestation


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