Tds on lease rental payable to finance company
This query is : Resolved
06 April 2012
our co has buy certain equipments (Movable) on lease. after 5 year payment of lease rental equipment will be sold to us @ 1 rs per equipment. i want to know in which section tds needs to be deducted i.e. u/s 194A or 194-I.
Ugra Sen Singh
(Expert)
07 April 2012
Dear Section 194A is for Only Interest
194I applicable for your case
194I applicable for your case
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