Tds on equipment rental charges
This query is : Resolved
15 June 2018
Hello sir,
We hired some equipment for the business , invoice amount Rs.80000/- , how much TDS should deduct on the Rental charges.
Hello sir,
We hired some equipment for the business , invoice amount Rs.80000/- , how much TDS should deduct on the Rental charges.
15 June 2018
TDS rate on leasing or renting of equipment is @2% as per Section 194-I
15 June 2018
Rs. 1,80,000 during the financial year:- No tax from the amount payable in respect of rent is deductible where the amount of such rent credited or paid or likely to be credited or paid during the financial year to the payee landlord or lessee , if Rent paid not exceed 180000/- no need to deduct TDS, other wise 2% deducted u/s 194I(a)
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