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Tds on edc machines

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(Querist)
11 September 2018 Hi Experts,

Wanted your opinion on the applicability of TDS on the rentals charged for EDC machines (machines used to swipe cards) which have been installed by a third party and not be any bank.

As far as I'm aware, there is an exemption on TDS only in case of EDC rentals charged by Banks. However, if a third party (in this case pinelabs) has given the same, is TDS applicable? And if yes, under which section?

Thanks in advance.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
11 September 2018 EDC Machine rental charges applicable only if it Exceeds 180000/- PA you require to deduct TDS @2% u/s 194I
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