05 July 2013
gud mrg sir, sir my Question is my company some computer system hire other company both are pvt ltd company, my question is 14805 Rs per month paid to other pvt ltd company its computer hire charges, sir my company wants to deduct Tds , can u explaine me Tds deduct should under 194C or 194I, & How percentage
05 July 2013
Computers are taken on rent. TDS applicable U/s 194I. Rental charges annually are less than Rs 180000/-. No liability to deduct TDS arises. Still it is better to deduct in a case where possibility of an increase in rental charges is there. .