Tds (rent or contract)
This query is : Resolved
Yash saxena
(Querist)
22 March 2012
There is a contract containing that a printer is given on a rent and on monthly basis bill of contractor is generated for the use of Printer.
So can it be considered as RENT u/s 194I or Contract under section 194C For TDS?
So can it be considered as RENT u/s 194I or Contract under section 194C For TDS?
Ranjan Dayal
(Expert)
22 March 2012
Dear Yash
TDS will be deducted under section 194I under rent of equipment as defined u/s194I
TDS will be deducted under section 194I under rent of equipment as defined u/s194I
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