tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2011
hello, sir, i am doing a film accounting where they take plant & machinery on rent. The rent of plant & machinery Limit is 1.80 lac. but the single payment are given by them is over 30000-50000 thousand. can we deduct Tds. our company is pvt ltd. now the supplier is ind/huf/firm/company,
what will i do
what will i do
03 July 2011
Yes. The agreement is signed for the Rent and it is a contract. You have to deduct the tax and deposit within time.
03 July 2011
Since the aggregate sum during the financial year does not exceed Rs.1.80 lacs, no need of TDS arises u/s 194I.
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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- GST ITC REVERSE
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- FAST-DS Scheme - Foreign Assets
- Renovation exp. in flat by family member
- Consolidated financials
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
Quick Links
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
