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TDS on renting machine

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(Querist)
26 March 2010 When we get a xerox machine for rent what will be the TDS when it is brought in contract @ copies printed. and also about hiring a generator for a month and oil charges are to be paid by us and the payment made through cheque on indiviual name.
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Ghanshyam T Jha

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Ghanshyam T Jha (Expert)
26 March 2010 In 1st case you should deduct TDS as per TDS rate for contractor and in 2nd case you should deduct TDS as per rate for Rent of P/M.
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Imran

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Imran (Querist)
26 March 2010 Thanks a lot Ghanshyamji.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
26 March 2010 agree with expert
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
26 March 2010 In the cases of Xeorox machine taken on rent basis and the rent is not fixed but contingent upon a particular percentage of number of copies printed

TDS provision shall be similar to that of contract ( 2%)

And second case TDS shall be applicable for rent
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 March 2010 first case -194C

Second case -194I
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