Tds applicability
This query is : Resolved
Sachin S Joshi
(Querist)
18 January 2015
we are taking utensils on rent for factory canteen. TDS is applicable on that or not?
18 January 2015
U/s 194I(a) , TDS @2% has to be deducted for the use of plant, machinery or equipments. Utensils are treated as plant. If the rent exceeds 1.80 lacs in a year tax has to be deducted at the above rate.
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