Tds on lease of car
This query is : Resolved
10 April 2015
If Rent is Paid on leasing of car then at what rate Tds will be deducted u s 194i Whether it is to be considered as Plant or machinery or equipment?
10 April 2015
it will be cover u/s 194c. its not plat & machinery
10 April 2015
it will be cover u/s 194c. its not plat & machinery
10 April 2015
in your opinion 2% TDS is deducted.
10 April 2015
Rate of TDS depends upon the person to whom the sum is being paid. In case of an Individual or HUF owner, you can deduct TDS @ 1% also.
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