whether moulded plastic crates taken on rent,used for material handling purpose are subject to tds u/s 194I @ 2% being as plant/machinery/equipment or it should be @ 10% being as furniture/fixture as per income tax act.
pls suggest whether these crates qualify as equipments or plant of fixtures or machinery, so that it may help me with appropriate rate of deduction
Menu
Sec 194i
Replies (1)
PLASTIC CRATES SHOULD BE TREATED AS EQUIPMENTS & TDS TO BE DEDUCTED @ 2% U/S 194I.
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
