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what should be TDS Rate

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Himanshu Tandon

Himanshu Tandon (Querist)
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01 August 2007 my Client is having contract of suppling electricity from DG set and principal is deducting TDS @ 10% is this correct as i had not given DG Set on hire. kindly reply with authentic rule and section.

Himanshu

CA Mani (Expert)
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02 August 2007 You have to find out under which sevtion they are deducting TDS.

If it is 194I - They should not deduct TDS, as transaction is not amounting to Hire.

CA Nikita (Expert)
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05 August 2007 Hello!!!

If TDS is deducted u/s 194C then the rate should be 2%.. provided other conditions laid down in the above stated section in fulfilled...

The above case cannot be considered u/s 194I..

hope this is clear to you...

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