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TDS ON SHUTTERING ON RENT

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(Querist)
17 December 2008 Sir,

If any Builder (Company) takes shuttering on rent, for the purpose of construction of flats that are to be sold, then plz tell me that at what rate TDS to be deducted.

Thanks & Regards
Suresh
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
17 December 2008 This is covered by section 194C earlier, and now I think it will be covered by section 194I. So rate of TDS is 10%.
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Ravikumar.G

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Ravikumar.G (Expert)
17 December 2008 If it is a equipment it will come under sec 194I
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