Rent

This query is : Resolved

harish (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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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