Tds on rental machines
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2012
dear sir,
we have taken CISCO ROUTER on rental basis for one year. Would like to know the tds rates applicable, whether under 194-c OR 194-I ?. Pls. advise. . .
regds/
Narendra Bandhankar.
we have taken CISCO ROUTER on rental basis for one year. Would like to know the tds rates applicable, whether under 194-c OR 194-I ?. Pls. advise. . .
regds/
Narendra Bandhankar.
14 April 2012
It amounts to taking equipment on rent. Hence, Sec 194I will be applicable and TDS rate is 2%. Eventhough, its a contract, any time, specific section prevails over general section. i.e. 194I will prevail over 194C.
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
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Income of an individual
- NRE Interest Income applicability
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
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
