Rent
This query is : Resolved
19 February 2009
Dear Sir,
I am taking 10 notebook on rental basis from a company.
He is charging 4% VAT (DELHI LOCAL) for rental can he charge vat to me, pls, explane me how it is possible and if yes should i deduct tds @15.45 in case proprietor ship company.
Harish
Delhi
09313022338
I am taking 10 notebook on rental basis from a company.
He is charging 4% VAT (DELHI LOCAL) for rental can he charge vat to me, pls, explane me how it is possible and if yes should i deduct tds @15.45 in case proprietor ship company.
Harish
Delhi
09313022338
19 February 2009
Right to use movable asset attracts VAT in certain states. Check up Delhi VAT Act for the same. Income tax is to be deducted. Tax deduction rate is 10.30%.
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