Income-tax rate for renting of containers in India

Place of business would not matter. For a company to be a resident, one of the following is to be satisfied:

1.  the company is an Indian company, or

2. during the year, the control and management of its affairs is situated wholly in India.

So as the company would be a non-resident, the deductor (recipient of service u/s 194I) wont be liable to deduct tax at source.

However, the singapore based company (service provider) would be liable to pay tax on the same as the income arises to it in India.

I need  depreciation rate for Containers

arun

Dear all,

Pl provide Depreciation rate for containers It is very urgent

Arun