Want to know if any TDS is required to be deducted on Lease Rent paid under AS-19 for use of Plant & Machinery purchased, where vendor has charged VAT on the same.
Want to know if any TDS is required to be deducted on Lease Rent paid under AS-19 for use of Plant & Machinery purchased, where vendor has charged VAT on the same.
richa
(ca student)
(195 Points)
Replied 22 November 2011
Yes, Tds is required to be deducted on lease rental under 194I, If the amt exceeds Rs 180,000 pa
CAclubindia
