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TDS

This query is : Resolved 

11 September 2009 Hi all,

Is it necessary to deduct TDS on lease payment if asset is leased under operating lease or under finance lease...PLs help me on this

11 September 2009 For Income tax purposes there is no differance bet Fin lease nd operating lease. hence TDS need to be deducted as payment of Rent.

11 September 2009 Agree you have to deduct TDS


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