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 :
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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
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