Tds should be deducted or not.

This query is : Resolved

Balwant Kumar (Querist)
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01 August 2013 Dear Experts

My company have lot of computers on contract basis and we are paying contract amount to a party abt 50000/- per month, contractor charging vat on monthly rent of computers, i think it is a contract so we should deduct TDS on monthly rental amount, but i m confused bcoz it is deemed sale under vat law. so pls suggest me wat should i do n pls give the reference of your answer so dat i cn aware abt dat rules..........

thank u.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 August 2013 if your company is using computers on rental basis then sec 194-I will be applicable.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 August 2013 deduct tds u/s 194-I @10%

Balwant Kumar

Balwant Kumar (Querist)
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02 August 2013 Thank u sir i m also thinking dat, but confused on vat amount which is charged 5% on rent per month. thank you so much.

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