TDS on rent of machinery
This query is : Resolved
25 December 2010
Dear All,
wish you Happy Xmass
I want to know that if the bill of rent of machinery includes vat then may i deduct TDS on whole amt(including vat) or only on rent portion if he crossed above Rs.180000/-
please guide.
wish you Happy Xmass
I want to know that if the bill of rent of machinery includes vat then may i deduct TDS on whole amt(including vat) or only on rent portion if he crossed above Rs.180000/-
please guide.
25 December 2010
You may deduct TDS on Rent Portion only.
25 December 2010
Paras Sir is correct. But remember the theory is apply to only 194I only and not to any other section like 194C or 194J. Becoz 194I used the word "payment of income" and other section used the word "any sum".
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