TDS on rent of genrator
This query is : Resolved
04 July 2009
if a person is providing power supply through genrator to a bank or other institution and he is bearing all expenses of genset(diesel and other maintenance cost),what should be TDS rate either 2.06% (194C) or 10.3% (194I).
04 July 2009
The TDS deduction is depend on transaction nature if you are getting Rent from your service provider then the TDS rate will be 10.3% and if you are getting the amount of your service prividing from your client then the TDS rate will be 2%+Surcharge+Edu.cess. The nature of transaction will be clear from the Agreement between the two parties or from the Bill/Invoice.
04 July 2009
Sec.194I would be applicable.
Nomenclature would not change the nature of transaction.
Nomenclature would not change the nature of transaction.
04 July 2009
I think genset owner bearing the all expenses of genrator and he is only supplying the power and not providing the only genrator (machinery) on rent, so the amount received by genset owner (so called rent)should not come u/s 194I (rent on plant& machinery).
plz...... clarify my opinion
plz...... clarify my opinion
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- LTCG for Assmt year 26-27
- What is provisional receipt number for generation of form 16A
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
