During the audit I came across the following payments has been made to the vendor in the books of XYZ Ltd.
On 05/04/08 AC purchased Rs. 2,00,000.00
On 05/04/08 Installation Charges paid Rs. 40,000.00
On 30/06/08 Repair Charges for old AC paid Rs. 50,000.00
On 15/07/08 One AC taken on rent. Rent paid Rs. 1,000.00
On 15/08/08 Rent for next month Rs. 1,000.00
On 15/09/08 Rent for next month Rs. 1,000.00
On 3/10/08 Other repairs Rs. 8,000.00
On 15/10/08 Rent for next month Rs. 1,000.00
On 28/10/08 Rennovation expenses Rs. 20,00,000.00
On 15/11/08 Rent for next month Rs. 1,000.00
On 15/12/08 Rent for next month Rs. 1,000.00
Now the problem is in this account on which payments TDS is required to be deducted at what rate?
CAclubindia
