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TDS 194c
If a company A is having a contract with other company B and now B raised invoice on A for equipment hire charges my query is whether we should deduct TDS u/s 194 c or 194 i
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If contract is for the lease of any equipment, deduct TDS u/s. 194I
If the contract of giving equipment is based on a lease or sub-lease or tenancy or any other agreement then TDS has to be deducted as per Section 194I of Income Tax Act because in such case the hire charges on equipment will be treated as payment of Rent.
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