TDS
This query is : Resolved
18 November 2009
Sir,
Kindly guide tds on what amount to be deduced if payment made for hire charges but party raise bill charged vat on hire charges now the question arise whether tds has been deducted on incluidng vat amount of whole bill or without considering vat - this case is arise in Andhara pradesh this for your ready reference
Pls provide solution of above query at the earliest
Yours
Akbar
Sir,
Kindly guide tds on what amount to be deduced if payment made for hire charges but party raise bill charged vat on hire charges now the question arise whether tds has been deducted on incluidng vat amount of whole bill or without considering vat - this case is arise in Andhara pradesh this for your ready reference
Pls provide solution of above query at the earliest
Yours
Akbar
24 November 2009
TDS needs to be deducted on gross amount i.e inclusive of VAT. This will be coming u/s 194I i.e TDS on rent paid. The applicable rates are if the amount paid is pertaining to property then the rate is 10% if the rent paid is for aquipment/machinery then the applicable rate is 2%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
