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Query of TDS

Hardik (Finance Executive) (44 Points)

27 November 2010

in the case where DG Sets are taken on hire at what % the TDS should be deducted? is it 10% or 2% in the case of non companies deductee?

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10 Replies

G.SARAVANA KANNAN (MANAGER FINANCE & ACCOUNTS ) (241 Points)
Replied 27 November 2010

TDS U/S 194I RENT OF PLANT, MACHINERY & EQUIPMENTS @ 2% for company/non company exemption limit of Rs.1.80lacs p.a. w.e.f.01.07.2010

(Guest)

Originally posted by : G.SARAVANA KANNAN
	TDS U/S 194I RENT OF PLANT, MACHINERY & EQUIPMENTS @ 2% for company/non company exemption limit of Rs.1.80lacs p.a. w.e.f.01.07.2010

right

C.A. Sandeep Wawhal (Chartered Accountant PGDFM BCom.) (1823 Points)
Replied 27 November 2010

agree with above

Arpit Bansal (article) (69 Points)
Replied 28 November 2010

Tax to be deductes @ 2%

Pradeep (Job) (21 Points)
Replied 29 November 2010

TDS query :

Employer deducts my TDS on salary and deposit but return not file and/ or file wrongly. My 26AS form shown less TDS amount. I received notice from Income Tax Department. I have form 16 issued by company.

What should I do?

C.A. Sandeep Wawhal (Chartered Accountant PGDFM BCom.) (1823 Points)
Replied 29 November 2010

Told your company to revised tds return.

(Guest)

Originally posted by : Pradee
	TDS query : Employer deducts my TDS on salary and deposit but return not file and/ or file wrongly. My 26AS form shown less TDS amount. I received notice from Income Tax Department. I have form 16 issued by company. What should I do?

Your r not at fault,no need to worry just draft the letter to ito and enclose the form 16 that co.deducted tds on your salary.After that co.will hve to face problem for not filing tds return...