TDS on renting machine

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Imran (Querist)
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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.

Ghanshyam T Jha

Ghanshyam T Jha (Expert)
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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

Imran (Querist)
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26 March 2010 Thanks a lot Ghanshyamji.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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26 March 2010 agree with expert

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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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

CMA Ramesh Krishnan

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

Second case -194I

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