banner_ad

Tds on rental of computers

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 October 2012 I want to know the rate of TDS applicable for rental of computers. whether it comes under Plant and Machinery so as to charge 2% or should we charge at 10%?
Profile Image

neeraj

Profile Image

neeraj (Expert)
09 October 2012 I think u should deduct @10% being safer side
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
09 October 2012 It Will Come Under P& M. so Charge 2% Only
Profile Image

CA. Jatin Gupta

Profile Image

CA. Jatin Gupta (Expert)
09 October 2012 IT's included under plant & machinery, yes 2% is absolutely correct.
Profile Image

elangovan

Profile Image

elangovan (Querist)
09 October 2012 whether any Formal Agreement is required in order to deduct TDS u/s 194I for Computers being let out?
In the current case, the company has taken Desktops on Rent, and Deducted TDS @ 2%. no Arrangements have been made to carry it out till the end of the year
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
09 October 2012 Make a Paper Agreement to have further refernce.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details