TDS on renting machine
This query is : Resolved
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.
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.
Message likes :
1 times
26 March 2010
agree with 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
TDS provision shall be similar to that of contract ( 2%)
And second case TDS shall be applicable for rent
26 March 2010
first case -194C
Second case -194I
Second case -194I
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Journal entry of busniess expenses
- GST Rate for Catering Services
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Cash balance limit and property purchases limit
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
