TDS ON FOLDING TENT HIRE CHGS
This query is : Resolved
07 August 2010
we were hiring folding tent for the year 2009-10 and deducting TDS at 11.33% under the category Plant, Machinery & Equipment. Is this correct as the auditor is telling we had to take under Tds on REnt other than Plant & machinery at 15.45%. Please clarify and tell us what rate this has to be taken for 2010-11.
07 August 2010
TDS u/s 194I:
1. Use of Machinery, Plant or Equipment: 2%
2. Use of any land or building including factory building or land appurtenant to a building including factory building or furniture or fittings :10%
The above will be falling under 1 being an equipment.
1. Use of Machinery, Plant or Equipment: 2%
2. Use of any land or building including factory building or land appurtenant to a building including factory building or furniture or fittings :10%
The above will be falling under 1 being an equipment.
07 August 2010
w.e.f 1/10/2009, TDS rates for hiring of Plant / Mach or equipment has come down to 2 %.
So in your case this 2 % will apply
So in your case this 2 % will apply
07 August 2010
agree 2% will apply
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