Whether computers come under Equipment


This query is : Resolved 

Quick Summary
This discussion clarifies whether computers are considered equipment for the purposes of Tax Deducted at Source (TDS). It confirms that computers do fall under the definition of equipment. Consequently, TDS is applicable on the monthly hire charges paid for computer systems under Section 194I of the Income Tax Act, with the standard rate for plant/equipment/machinery rent being 2%.

(Querist)
13 May 2022 whether computers come under Equipment and TDS to be deducted on monthly hire charges paid on computers system under section 194I.

13 May 2022 Computers are equipment 194I TDS applicable.

Daya (Querist)
14 May 2022 sir,
please reply ,what rate TDS applicable applicable to deduct TDS.

Daya (Querist)
14 May 2022 sir,
please reply ,what rate TDS applicable applicable to deduct TDS.

15 May 2022 Rent for plant/ equipment/ machinery- 2% TDS on the rent amount paid.


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