Tds..
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2010
we have taken Furniture on lease for 9 yrs from a company. so while paying installment, should we deduct tds on interest portion?
Aditya Maheshwari
(Expert)
06 May 2010
Is the above a finance lease or operating lease?
If finance lease then TDS dedcutible u/s 194A on finance charges u/s 194A.
If operating lease then TDS deductible on entire lease payments u/s 194I
If finance lease then TDS dedcutible u/s 194A on finance charges u/s 194A.
If operating lease then TDS deductible on entire lease payments u/s 194I
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